Would affect prices and profitability in the industry

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Over the past twenty years, the US airline market has experienced a wave of mergers. While the US domestic market share of the eight largest airlines was 80 percent in 2001, by 2022 the remaining four major airlines (American, Delta, Southwest, and United) combined to have 80 percent market share. How (and why) do you expect that these changes would affect prices and profitability in the industry?

Reference no: EM133629337

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