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Business, 17.04.2020 02:06 makaylahunt

We need to question whether the results of the regression in part (d) is revealing a causal relationship between concentration and airfares. In particular, we are concerned whether our estimation results on U. S. data are valid for other markets, such as Europe and Asia. Give one reason why the results would not be \externally valid" if applied to the airline industry in one of these other two regions.

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We need to question whether the results of the regression in part (d) is revealing a causal relation...
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