1. The deregulation of the airline industry led to _______prices on average, but _______prices in cities. 2....
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2. There were two sources of pressure to deregulate electricity market: (1) _______ and (2) ________.
3. Willingness to Pay for New Airport Gates. Your city is considering an airport-expansion project that would increase the number of airport gates and allow additional airlines to serve your city. According to a recent report, the additional competition made possible by the new gates would decrease the average airline fare from $220 to $200 and increase the number of passengers from 400 to 600 per day. The city would borrow money to finance the project, and the daily payment required to pay off the loan over 20 years would be $8,100. How does the benefit to consumers compare to the cost of the project?
4. Gates to Gotcha? A construction project at your city s airport is nearing completion, and your job is to decide how to use the 10 new airport gates. The city is currently served by Gotcha Airlines, which has offered the city $20 million to help cover the cost of the airport construction project. In return, the new gates would be designated for the exclusive use of Gotcha. What trade-offs are associated with accepting Gotcha s offer?
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Related Book For 
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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