220k views
1 vote
Assume that the top executives of the major airlines meet and agree to reduce the number of flights as a means of reducing the supply of available seats, thereby allowing them to charge higher fares for those seats. What type of regulatory problem does this example most clearly represent?

User Kryo
by
7.5k points

1 Answer

5 votes

Answer:

Seat fares decreasing

Step-by-step explanation:

hope it helps

User WellBloud
by
7.5k points