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Watch the short recent youtube video Stupid Government Rules Create a Pilot Shortage and address the following Use a graph to explain the impact of
Watch the short recent youtube video "Stupid Government Rules Create a Pilot Shortage" and address the following
Use a graph to explain the impact of this tighter licensing regulation on the market for airline trips. Show in your graph how consumers and airlines are affected (look at flight prices, quantities, and consumer/producer surpluses). Does your analysis agree with the claims in the video (i.e., delays, cancellations, etc.)? Why or why not? Explain briefly.
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