The Civil Aeronautics Board regulated airline fares above the free-market rates, which led airlines to compete by offering fancy meals, wide seats, and frequent flights.

Question

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The Civil Aeronautics Board did indeed regulate airline fares above free-market rates, which led airlines to compete by offering other amenities such as meals, seating, and frequency of flights.

The Civil Aeronautics Board Regulated Airline Fares Above the Free-Market