airport market structure
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Gathering research for MBA paper. Scenario - there are 3 major airports within South Florida. Given airport enplanement fees will increase for 1 of those airports thus increasing passenger ticket fees:
1. Discuss supply and demand as it relates to airport market structure(oligopoly)
2. Discuss customers options - given the customers are price sensitive
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Solution Summary
The expert discusses supply and demand as it relates to airport market structure (oligopoly).
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If the passenger ticket fees increases for passengers flying out of this airport and other airports do not raise their prices, a large substitution effect is expected to occur and this airport will lose market share as passengers will prefer to fly out of other nearby airports where passenger ticket fees will be lower. The demand will be relatively price elastic, thereby causing loss of revenue and ...
Education
- BComm, University of Delhi
- Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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