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taion | 2 years ago
The collusion in question seems to only relate to regulation, which prohibited the airlines from competing on price. The incentives obviously don't work out the same with deregulation!
taion | 2 years ago
The collusion in question seems to only relate to regulation, which prohibited the airlines from competing on price. The incentives obviously don't work out the same with deregulation!
masto|2 years ago
1vuio0pswjnm7|2 years ago
Arguably it was the government regulation against competing on price that led to the industry regulations on food service. Airlines tried to compete on other bases so food service was much better than what it is today.