Because they operate in a(n)_____ industry,a fare decrease at American Airlines will likely result in decreases at other carriers.
A)socialistic
B)monopolistic
C)oligopolistic
D)noncompetitive

Question

Quizplus · Accepted Answer

The correct answer is "oligopolistic" because in an oligopolistic industry, a few firms dominate the market. Therefore, actions by one firm, such as fare decreases, are likely to be matched by competitors to maintain market share.

Because They Operate in A(n)_____ Industry,a Fare Decrease at American