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Monopolies

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What is an example of price discrimination within the aviation community that could very well be considered illegal?

In your opinion, should lobbying be legal or illegal?

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The solution answers the question below in great detail. The expert examines the monopolies for price discrimination.

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Answer 1:
Airlines use differentiated pricing regularly, as they sell travel products and services simultaneously to different market segments. This is often done by assigning capacity to various booking classes, which sell for different prices and which may be linked to fare restrictions. The restrictions help ensure that market segments buy in the booking class range that has been established for them. For example, schedule-sensitive business passengers who are willing ...

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