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.
Answer:
Operating expenses
Explanation:
Before a business yields a profit as an output , there is a need for some input from the business owners. One of these input is operating expenses .
Operating expenses is supporting cost of keeping the business running in the course of normal production , different from the cost of production and is necessary as every form of other cost may not get a desired result without the operating cost.
Examples include rent , payroll ,transportation , security fees among others.
Answer: Per capita GDP of a country is the total quantity of goods produced divided by the number of citizens.
Explanation:
GDP represent the wealth of a country in a given period. A way to see this wealth is the total amount of goods produced.
The GDP is an economic indicator that reflects the relationship between the income level of a country and its population.
I hope the answer has served you!
Regards,
Brian
