Australian air fares halved when three carriers rather than one fly route, data reveals
by Jonathan Barrett from World news | The Guardian on (#6J77Q)
Assistant competition minister Andrew Leigh says it is often cheaper to fly from Darwin to Singapore than Sydney as Labor targets monopolies
Ticket prices are halved when three airlines fly a route compared with a monopoly situation and fares fall further as more rivals are added, according to new findings designed to inform Australia's competition and merger laws.
The assistant competition minister, Andrew Leigh, will tell a Melbourne audience on Tuesday there are worrying signs that competition intensity has weakened over recent decades, with evidence of increased market concentration and profit markups in several industries.
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