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Regulation of Airline Fares Under the Civil Aeronautics Board

Question 241

Multiple Choice

Regulation of airline fares under the Civil Aeronautics Board:


A) meant the government prevented the entry of new competitors to maintain high ticket prices.
B) led to greater innovation in the airline industry at the cost of higher ticket prices.
C) created incentives for optimal resource allocation.
D) made it possible for lower-income Americans to afford air travel for the first time.

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