Boeing Corporation and Airbus Industries are the only two producers of long-range commercial aircraft. This market is not perfectly competitive because:
A) each company has annual sales over $10 billion.
B) each company can significantly affect prices.
C) Airbus receives subsidies from the European Union.
D) Airbus cannot sell aircraft to the United States government.
E) all of the above

Question

Quizplus · Accepted Answer

Each company can significantly affect prices due to their duopoly in the long-range commercial aircraft market, which deviates from perfect competition where no single firm can influence market prices.

Boeing Corporation and Airbus Industries Are the Only Two Producers