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An airline raises its average leisure fare by $10 but competitors do not raise their fares (this is the Sweezy oligopoly model). What are the
An airline raises its average leisure fare by $10 but competitors do not raise their fares (this is the Sweezy oligopoly model). What are the likely effects on the airline's a) total revenue obtained from passengers traveling for leisure, b) RPM, c) load factor, d) ASM, and e) CASM? You will need to make some assumptions, but apply your knowledge of supply, demand, and pricing.
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