High sunk costs in the jet aircraft market has assured Boeing of a monopoly in the production of jets for the air travel market.

Question

Quizplus · Accepted Answer

While high sunk costs do make it challenging for new competitors to enter the jet aircraft market, there are still other companies that compete with Boeing, such as Airbus. Boeing's market share is dominant, but it does not have a complete monopoly.

High Sunk Costs in the Jet Aircraft Market Has Assured