The airline industry is a. monopolistically competitive because most airplanesar
ID: 1252895 • Letter: T
Question
The airline industry is a. monopolistically competitive because most airplanesare quite similar b. an oligopoly, partly because of barriers to entry inthe form of airport landing rights. c. the world's largest advertiser d. probably evolving from an oligopoly tomonopolistically competitive industry e. an oligopoly because of economies of scales The airline industry is a. monopolistically competitive because most airplanesare quite similar b. an oligopoly, partly because of barriers to entry inthe form of airport landing rights. c. the world's largest advertiser d. probably evolving from an oligopoly tomonopolistically competitive industry e. an oligopoly because of economies of scalesExplanation / Answer
The airline industry is a. monopolistically competitive because most airplanesare quite similar b. an oligopoly, partly because of barriers to entry inthe form of airport landing rights. c. the world's largest advertiser d. probably evolving from an oligopoly tomonopolistically competitive industry e. an oligopoly because of economiesof scales- high barrier to entry (purchase of planes, hgih fixedcosts)Related Questions
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