The commercial airline industry is considered what type of market?
A) Duopoly
B) Monopoly
C) Monopolistic competition
D) Pure competition
E) Oligopoly

Question

Quizplus · Accepted Answer

The commercial airline industry is considered an oligopoly, as it is dominated by a small number of large airlines that have significant control over the market. While there are many airlines operating in the market, the top few dominate and have pricing power. This leads to intense competition among these few players.

The Commercial Airline Industry Is Considered What Type of Market