Macroecon HelpMacroecon HelpMacroecon help

In 1982 Robert Crandell, CEO of American Airlines, phoned the Braniff Airways CEO and said, Raise your fares 20 percent and Ill raise mine the next morning.
(A) Why would he do this? (B) If you were the Braniff Airways CEO, would you have gone along? (C) Why should Crandell not have done this?

In 1982 Robert Crandell, CEO of American Airlines, phoned the Braniff Airways CEO and said, Raise your fares 20 percent and Ill raise mine the next morning.
(A) Why would he do this? (B) If you were the Braniff Airways CEO, would you have gone along? (C) Why should Crandell not have done this?

See the attached files
I need detailed answers.