Repeat assessment requirements:
Question 1 (LO2; LO3)
Demonstrate, in your own words, which type of air route (low-cost long haul or traditional long-haul carriers) would you consider more contestable.
Question 2 (LO1; LO3)
Demonstrate your understanding of consumer surplus, producer surplus and deadweight loss. Illustrate with an example which clearly explain this phenomenon.
Question 3 (LO3; LO4; LO5)
In a boom, do you think that the low-cost carriers are more, or less vulnerable than the traditional carriers? (Consider elasticities in your answer and illustrate your answers with graphs where appropriate)
Question 4 (LO3)
Search for low-cost long-haul carriers and compare their prices and quality of service to that of major carriers. In your view, how are they able to compete at substantially lower prices?
Repeat assessment requirements: Question 1 (LO2; LO3) Demonstrate, in your own w
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