question archive Which of the following statements best summarizes the effects of deregulation of the airline industry in the United States? a
Which of the following statements best summarizes the effects of deregulation of the airline industry in the United States? a
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Which of the following statements best summarizes the effects of deregulation of the airline industry in the United States?
a. Deregulation has lowered prices, increased wages, and decreased competition among carriers,
b. Deregulation has lowered prices, reduced passenger safety, and decreased competition among carriers,
c. Deregulation has lowered prices, reduced passenger comfort, and hurt the airline pilots' union.
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c. Deregulation has lowered prices, reduced passenger comfort, and hurt the airline pilots' union
The deregulation in an airline industry bring private entrepreneurs and reduce the government controls in the airline industry. Due to privatization, the airline services would be offered at cost-efficient prices, that is, the lower prices. Due to cost reduction, the comfort levels of passengers would be compromised, and the pilots would have to offer their services at the general industry prices.
