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AirTran, JetBlue, Southwest Airlines and Sun Country Airlines Are Generally

Question 15

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AirTran, JetBlue, Southwest Airlines and Sun Country Airlines are generally referred to as low-cost airlines. Why might this type of industry be used as an example of a contestable market? Can you think of any reasons why this might not be a good example of a contestable market?

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Entrants have the possibility of leasing...

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