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    Are monopolies good or bad

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    Airlines will charge different rates to different people for the same flight. Why would they do this confusing thing?
    Are monopolies good or bad things to have?

    McConnell, C. R., and Brue, S. L. (2005). Microeconomics: principles, problems, and policies. (16th Edition). Irwin-McGraw-Hill. Chapter 11 & Chapter 12.

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    Solution Preview

    Why do airlines charge different rates to different customers on the same flight? The answer is that it all comes down to supply and demand. The main goal of the corporation that runs the airline is to make as much money as possible. In general, when an airline starts to advertise for a flight six months in advance, the ...

    Solution Summary

    The solution determines if monopolies are good or bad.