Ronald Reagan in the early 1980 s deregulated the airline industry, which meant the Federal government subsidized and regulated the firms? What has happened to the airline industry since deregulation, and what do think will happen to customer service and efficiency if the government were to go back to strict regulation of it?

Ronald Reagan in the early 1980 s deregulated the airline industry, which meant the Federal government subsidized and regulated the firms? What has happened to the airline industry since deregulation, and what do think will happen to customer service and efficiency if the government were to go back to strict regulation of it? What is meant by the concept of market power ? What types of firms have market power, and what are the characteristics of those firms that allow for market power?

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