Which of the following statements best summarizes the effects of deregulation of the airline industry in...
Which of the following statements best summarizes the effects of deregulation of the airline industry in the United States?
a. Deregulation has lowered prices, reduced passenger comfort, and hurt the airline pilots' union.
b. Deregulation has lowered prices, increased wages, and decreased competition among carriers.
c. Deregulation has lowered prices, reduced passenger safety, and decreased competition among carriers.
Homework Answers
Deregulation of the airline industry in the United States remove the government control over areas such as fares, routes, and market entry of new airlines.
So it actually reduces the prices and increases the competition as the entry restriction is removes means it hurt the airline pilots' union.
So, ANS is A) Deregulation has lowered prices, reduced passenger comfort, and hurt the airline pilots' union.
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