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Airline industry experts generally believe that because of the highly competitive nature of the US Airline markets it is usually impossible to pass on higher

Airline industry experts generally believe that because of the "highly competitive" nature of the US Airline markets it is usually impossible to pass on higher jet fuel prices to passengers by raising ticket prices. What factors do you suppose contribute to making US airline markets highly competitive? accepting the premise that US airline markets are indeed highly competitive, analyze in both the short run and long run the difficulty of raising ticket prices when jet fuel prices rise.

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