Between 1926 and 1978 the Federal Government closely regulated the airline industry. What happened when the industry was deregulated?

As an apparent result of airline deregulation,   a. many small communities have been left without airline service.   b. air fares have risen more quickly than they probably would have under continued regulation.   c. small commuter airlines have almost vanished.   d. the wages and benefits of airline workers have been reduced.

Classify the following as a government-enforced barrier to entry, a barrier to entry that is not government-enforced, or a situation that does not involve a barrier to entry. A patented invention A popular but easily copied restaurant recipe An industry where economies of scale are very small compared to the size of demand in the market A well-established reputation for slashing prices in response to new entry A well-respected brand name that has been carefully built up over many years A city passes a law on how many licenses it will issue for taxicabs A city passes a law that all taxicab drivers must pass a driving safety test and have insurance A well-known trademark Owning a spring that offers very pure water An industry where economies of scale are very large compared to the size of demand in the market

$72 Marginal Cost $60 $48 $36 $24 $12 Marginal Demand Revenue 100 200 300 400 500 600 Quantity Based on the graph above, find the profit maximizing price and quantity for this monopoly firm. $36 and 200 units $36 and 300 units $48 and 200 units $60 and 100 units

Question Maxin Suppose a monopolist could charge a different price to every customer based on how much he or she were willing and able to pay (versus charging the same price to all their customers). How would this affect the monopolist's profits? Why? Description Answer eacho Use the editor to format your answer 10 Roints

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