Economic Systems
Contrast market and command economies.
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Reading Q&A
16-30 min
The Economics of Flying: How Competitive Are the Friendly Skies?
OVERVIEW
In this reading assignment, learn about market structures and deregulation in the context of the modern airline industry. Years ago, airline passengers enjoyed more legroom and in-flight extras--for a price. Find out how deregulation increased competition, lowered prices and created crowded flights. Print the article.
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Introduce the concept of a monopolistic market
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