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Podcast: Principles of Microeconomics (Video)
Episode:

Price Floors: Airline Fares
Category: Education
Duration: 00:08:17
Publish Date: 0000-00-00 00:00:00
Description: In this video, we cover how price floors lead to wasteful increases in quality and a misallocation of resources. Using the real-world example of airline regulations from 1938-1978, we show how price floors can be used to restrict entry and reduce...
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