Aviation Economics Hello, and thank you for reading. This class is economics related to the aviation industry. Airfare pricing structure is a complex issue, since empty seats cost the same as filled seats. Please include various economic topics such as: Sunk costs (e.g. empty seats) Oligopoly (this is the economic market airlines belong to) Competition Barriers to entry Pricing Subsidies (Boeing and Airbus receive substantial subsidies from their governments) Supply and Demand equations Economies of Scale and Scope Thank you so much. The paper (1) must be eight (8) pages typed and double spaced (not including a Title Page or a References page) with at least five (5) cited references in addition to the course text.
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