Theme 1 & 3: North Korean Airline - Inferior Goods and how firms compete (or don't!)

Perhaps for those North Koreans permitted to fly Air Koryo on one of the few domestic flights or four international routes, a journey with the world's worst-rated airline might be a sign of luxurious privilege and political standing. But as this short video makes clear, life on board Air Koryo - consistently rated as the worst airline in the world - is pretty basic. In fact, it's the only airline with a one-star rating on airline-review site Skytrax. A useful clip when dicussing inferior goods (partly because the airline food looks so appetising) and how inefficient a local monopoly might be.