When transatlantic airfares were set artificially high by an international treaty,airlines offered customers an inefficiently high quality of service.

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Briana Washington · Accepted Answer

Final Answer : True, Explanation :  When airfares were artificially high, airlines had less competition, so they did not need to compete on price. Instead, they competed on the quality of service, offering amenities such as gourmet meals, luxurious seats, and personalized service. This made air travel more expensive for customers while failing to increase efficiency.

When transatlantic airfares were set artificially high by an international treaty,airlines offered customers an inefficiently high quality of service.

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