The airline industry is a good example of a monopolistically competitive industry.

Name: The airline industry is a good example of a monopolistically competitive industry.
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The airline industry is better characterized as an oligopoly because it is dominated by a few large firms, has high barriers to entry, and firms often set prices based on their competitors' actions, rather than being a monopolistically competitive industry where many firms sell differentiated products.

The Airline Industry Is a Good Example of a Monopolistically