Asked by
Lindsey Woronicz
on Oct 12, 2024
Verified
Until the passage of the Airline Deregulation Act of 1978,the Civil Aeronautics Board controlled all of the following except
A) fares.
B) assigned routes.
C) profits.
D) entry into the industry.
Airline Deregulation Act
A United States federal law passed in 1978 that removed governmental control over fares, routes, and market entry of new airlines, significantly reducing barriers to entry in the airline industry.
Civil Aeronautics Board
The Civil Aeronautics Board was a federal agency in the United States that regulated aviation services, including fares, routes, and schedules, before its dissolution in 1985.
Fares
The prices charged for transportation services, such as bus, train, or airplane tickets.
- Assess the impact deregulation has on multiple industries as well as on the cost to consumers.
Verified Answer
TR
Learning Objectives
- Assess the impact deregulation has on multiple industries as well as on the cost to consumers.