Airline Bumping: Understanding Your Rights and Compensation Options for Overbooked Flights

United’s recent “Bumpgate” scandal (I prefer “Drag-gate”) can be seen as similar to situations involving Comcast and Epipen taking advantage of their customers.

All are examples of what happens when unchecked capitalism leads to monopolistic control in an industry.

United, American and Delta airlines comprise an “oligopoly”, defined as an exclusive market position of three or fewer firms that operates simultaneously in an industry or field.

Oligopolies can be defined as market forms in which one seller (oligopolists) dominates an industry or market.