True or false: U.S. airlines are government-regulated, meaning there is federal control over things as fares, routes, and market entry of new airlines.
U.S. airlines were essentially deregulated in 1978 with the Airline Deregulation Act that removed federal control over such things as fares, routes, and market entry of new airlines. Read more on page 52.
Correct! U.S. airlines were essentially deregulated in 1978 with the Airline Deregulation Act that removed federal control over such things as fares, routes, and market entry of new airlines.