British Airways

After twenty-four years of accident-free service, will the flight choice of the rich and famous be grounded forever? That is what authorities are now trying to figure out as they are finally collecting the final evidence in the crash of the Concorde in late July. The world’s fastest passenger aircraft crashed and went into flames near the Charles de Gaulle airport in Paris, France. One hundred and nine passengers and four people on the …

…must balance the costs with the prices for tickets to earn profit. If a natural monopoly, such as British Airways’ Concorde, trys to compete with other airlines and lowers its prices, they will undoubtedly sell more tickets and fill all of their available seats. However, if they sell their tickets at a higher price, they only have to sell about half of their tickets to break even. Any ticket over that is profit. ------------------------------------------------------------------------ **Bibliography**