3.15 In 2012, Southwest Airlines reported that its cost per available seat mile was 13.0 compared to

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3.15 In 2012, Southwest Airlines reported that its “cost per available seat mile” was 13.0¢ compared to 13.8¢ for United Airlines. Assuming that Southwest and United compete on a single route, use a graph to show that their equilibrium quantities differ.

(Hint: See Solved Problem 14.1.)

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Microeconomics With Calculus

ISBN: 9780273789987

3rd Global Edition

Authors: Jeffrey M. Perloff

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