Airlines Often Engage in Last-Minute Price Cutting to Fill Remaining

question 252

Multiple Choice

Airlines often engage in last-minute price cutting to fill remaining empty seats on a flight because this practice will generally

• A)prevent rival airlines from competing in that market.
• B)increase marginal revenue more than marginal cost.
• C)maximize marginal revenue.
• D)discourage rivals from matching price cuts.

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Definitions:

Monozygotic Twins

Twins that develop from a single fertilized egg, sharing identical genetic material.

Identical Twins

Twins that originate from a single fertilized egg, splitting and developing into two genetically identical individuals.

Allele

A member of a pair of genes.

Homozygous Trait

A genetic condition where an individual inherits identical alleles for a particular gene from both parents.