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## Economics

 Basic Economics Macroeconomics Microeconomics Business Economics Econometrics International Economics Managerial Economics Game Theory Public Economics

Q. Two small airlines provide shuttle service between Las Vegas and Reno. Services are alike in every respect except that Fly Right bought its airplane for \$500,000, while Fly by Night rents its plane for \$30,000 a year. If Fly Right were to go out of business, it would be able to rent its plane to another airline for \$30,000. Which airline has lower costs?

• Reference No.:- M9292924

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