Ticket prices accurately reflect value to consumers

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Over the last several years, the airline industry has lost billions of dollars and individual firms (with the exception of a few discount carriers) have been unable to make a profit. Assess aspects of the oligopoly market structure that may be relevant in explaining this outcome. How has the process of filling capacity in the recent years affected this outcome? Do you believe the ticket prices accurately reflect the value to consumers? (you must think of opportunity cost, substitutes to answer this piece).

Reference no: EM131386040

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