Multiple Choice
According to an In The News article titled "Rivals Match Southwest's Flash Sale,"
A) Airlines often match their rivals' fares rather than risk losing price-sensitive passengers.
B) Airlines will match their rivals' fares but are often slow to react because the firms prefer to sell at the higher price.
C) Rival airlines put pressure on Southwest to retreat back to higher prices.
D) American Airlines,Continental Airlines,and United Airlines matched Southwest's fare cuts,but US Airways,JetBlue Airways,and Delta Air Lines did not.
Correct Answer:
Verified
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