The commercial airline industry is considered what type of market?
A) duopoly
B) monopoly
C) monopolistic competition
D) pure competition
E) oligopolistic competition

Question

Quizplus · Accepted Answer

The commercial airline industry is dominated by a few large firms such as Delta, American, United, and Southwest, which indicates oligopolistic competition. These firms have a significant influence on the airline industry and can impact the prices, services, and routes offered. Additionally, barriers to entry are high, further cementing the dominance of these large firms.

The Commercial Airline Industry Is Considered What Type of Market