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If Quality Airline cuts its domestic fares by 20%, A) profit will increase by 20%. B) a profit can only be earned by decreasing
If Quality Airline cuts its domestic fares by 20%, A) profit will increase by 20%. B) a profit can only be earned by decreasing the quantity of flights. profits can be maintained either by increasing the quantity of passengers or C) by decreasing the unit variable costs. D) fixed costs will decrease.
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