4 ms·
> but enough people will always buy the cheapest ticket that it’s not economically viable to provide a good quality product at a price that will sell. That kin
by derefr 4y ago
> but enough people will always buy the cheapest ticket that it’s not economically viable to provide a good quality product at a price that will sell.
That kind of sounds like everyone involved would be better off if airlines were allowed to collude to raise the ticket price floor, but regulated to cap profits, forcing them to spend the gains on improvements.
- Godel_unicode 4y agoThat’s what we had before deregulation, when flying was very nice and extremely expensive. What we need is to realize people are super cheap and even many who can afford it will choose the cheaper option every time. McDonald’s is our society’s revealed preference.