There are three airports in New York Area: Newark , Continental Airlines (72% of takeoff and landing slots), 35.4 million passengers in 2008 Kennedy , Delta Airline (31% of takeoff and landing slots), 47.8 million passengers in 2008 LaGuardia, US Airways (32% of takeoff and landing slots), 23.1 million passengers in 2008 The Port Authority charges airlines landing fees based on aircraft weight. The fees are on average of $6 per passenger and do not vary with the time of day. During peak hours, the demand for takeoffs and landings at Newark exceeds capacity. FAA presented a 10-year plan limiting scheduled takeoffs and landings to 81 per hour and establishing an auction for landing and takeoff slots. However, the Port Authority, major airlines resisted the FAA plan. FAA abandoned the plan and sought other ways to relieve congestion at Newark. Are takeoff and landing slots at an airport scarce resources? Explain why