Does airline pricing follow Game Theory? Why or why not? Give an example

Question

Does airline pricing follow Game Theory? Why or why not? Give an example

to support your answer. (An Internet search for the term 'airline pricing structure' will yield many resources.)

Additionally, give an example of a non-price factor in an imperfectly competitive aviation market. Does this match current data (i.e., Do current prices reward the non-price competitive factor)?

Answer 1

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