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airline passenger service is a terrible high fixed cost business featuring fierce price competition. With uniform safety , customer pick the lowest...

airline passenger service is a terrible high fixed cost business featuring fierce price competition. With uniform safety , customer pick the lowest airfare with most convenient departures. Expect for pilots , nobody in the airline business makes any money ". Use the competitive firm short run supply curve concept to explain entry and exit in the airline passenger business. Why are the pilots so well paid ?

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