Which of the following is not an example of nonprice competition in the airline market?
A)A low concentration ratio.
B)Advertising on the radio.
C)More on-time flights.
D)Increased frequency of flights.

Question

Quizplus · Accepted Answer

A low concentration ratio is not an example of nonprice competition. It is a measure of market concentration that shows the degree of competition in a market. Nonprice competition refers to strategies that firms use to attract customers other than by lowering prices, such as advertising, product differentiation, and better service. B, C, and D are all examples of nonprice competition in the airline market.

Which of the Following Is Not an Example of Nonprice