Repeat assessment requirements:
Question 1 (LO2; LO3)
Demonstrate, in your own words, which type of air route (low-cost long haul or traditional long-haul carriers) would you consider more contestable.
Question 2 (LO1; LO3)
Demonstrate your understanding of consumer surplus, producer surplus and deadweight loss. Illustrate with an example which clearly explain this phenomenon.
Question 3 (LO3; LO4; LO5)
In a boom, do you think that the low-cost carriers are more, or less vulnerable than the traditional carriers? (Consider elasticities in your answer and illustrate your answers with graphs where appropriate)
Question 4 (LO3)
Search for low-cost long-haul carriers and compare their prices and quality of service to that of major carriers. In your view, how are they able to compete at substantially lower prices?