An article in the New York Times on the airline industry described airlines as being burdened by
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An article in the New York Times on the airline industry described airlines as being “burdened by high fixed costs.” What are likely to be the most important fixed costs for an airline? Are airlines likely to have particularly high fixed costs relative to their variable costs when compared with, say, an Old Navy clothing store or a Panera Bread restaurant? Briefly explain.
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