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After airline mergers, the four remaining airlines had an increased level of market power

Marketing

After airline mergers, the four remaining airlines had an increased level of market power. For consumers, this meant that they had to pay:

a. higher prices, regardless of consumer demand.

b. lower prices, regardless of consumer demand.

c. the same price because airfares were not impacted by market power.

d. higher prices, but only for business class travelers.

Option 1

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