14.24. Cities A, B, and C are located in different countries. The only airline serving the market...

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14.24. Cities A, B, and C are located in different countries. The only airline serving the market between A and B is Ajax Air. Its total cost is CAjax ! 20QAB. The airfare between A and B is PAB. Also, the only carrier serving the market between B and C is Sky Air. Its total cost is CSky !

20QBC. The airfare between B and C is PBC. The two airlines do not serve any other markets?

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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