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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