Ask Question
17 May, 02:35

Airline a and airline b are the two largest airlines in the country. the chief executive officer of airline a calls the chief executive officer of airline b and says, "why don't we both raise prices 25% across the board next week?" this is an example of:

+3
Answers (1)
  1. 17 May, 04:37
    0
    I would say this type of arrangement between the two largest airlines could be considered a type of cartel whereby most or a high % of the airline passenger market is controlled mostly by two airlines so they think they can raise prices unilaterally.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Airline a and airline b are the two largest airlines in the country. the chief executive officer of airline a calls the chief executive ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers