Writing Assignment 2 Essay Example | Topics and Well Written Essays - 250 words

Writing Assignment 2 - Essay ExampleThe airline industry, post-deregulation in the former(a) 70s, is free to bound prices, which are now determined by the market forces. Airline tickets consent never been cheaper, thanks to increased price transparency done the internet. Air travel is easily available to the general public as its demand for affordable prices has been met by carriers, who have unique cost structures in endue for scale economies. For price setting, airlines are able to predict (through trend analysis) which time of year most people would prefer to fly. With demand high, the price is also set high. When a particular airline observes that ticket sales are slower, it will cut down on the ticket price. These changing prices obviously frustrate consumers and have prompted the government to establish some sort of consumer protection. According to the author, the government is requiring airlines to include all potential fees, along with the actual ticket price, on every a dvert. The guest has to be apprised accurately of the baggage fees. Air carriers must now also include all government taxes in the advertised price. The government has also enforce huge penalties on carriers for extended tarmac delays.