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FinnZ [79.3K]
3 years ago
11

Airline a and airline b are the two largest airlines in the country. the chief executive officer of airline a calls the chief ex

ecutive officer of airline b and says, "why don't we both raise prices 25% across the board next week?" this is an example of:
Business
1 answer:
Sveta_85 [38]3 years ago
4 0
I would say this type of arrangement between the two largest airlines could be considered a type of cartel whereby most or a high % of the airline passenger market is controlled mostly by two airlines so they think they can raise prices unilaterally.
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