The airline industry has long been dominated by two large aircraft suppliers, Boeing and Airbus. China has recently announced plans to begin the development and production of a new large aircraft. What effect will this have on the domestic passenger airline industry?
A) It will make the industry more attractive due to reduced supplier power.
B) It will make the industry less attractive due to increased supplier power.
C) It will make the industry more attractive due to a new entrant.
D) It will make the industry less attractive due to a new entrant.
Correct Answer:
Verified
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