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2/ As #Argentina's economy fell into crisis, the aviation sector kept growing. Why? The rapid decline in airfares has led to an increase in demand. Argentina, as one of the most heavily regulated markets in the world, would be wise to deregulate and introduce more competition.
3/ More competition in the local market should help to reduce inflation. The high pass-through of the devaluation is possible in part because firms are secure that the demand is sufficiently inelastic for their products. With more competition, mark-ups & inflation would decline
