What market structure best describes the Canadian airline industry?
A) pure competition
B) monopolistic competition
C) monopoly
D) oligopoly

Question

Quizplus · Accepted Answer

The Canadian airline industry is best described as an oligopoly because it is dominated by a few large firms, such as Air Canada and WestJet, which control a significant share of the market. This structure allows these companies to have a considerable influence over prices and service offerings.

What Market Structure Best Describes the Canadian Airline Industry