Explain entry also exit in airline passenger business

Assignment Help Operation Management

Reference no: EM1376617

Q. Airline passenger service is a terrible high fixed cost business featuring fierce price competition. With uniform safety, customer picks lowest airfare with most convenient departures. Expect for pilots, nobody in airline business makes any money ". Use competitive firm short run supply curve concept to explain entry also exit in airline passenger business. Why are pilots so well paid?

Reference no: EM1376617

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