The airline industry in a particular country has only four dominant players.Large capital investments and government regulations often prevent new players from entering the market.Based on this information,the structure of the airline industry in this country is _____.

Question

Quizplus · Accepted Answer

An oligopoly is characterized by a few dominant firms in the market, which is true in this case as there are only four major players. The presence of large capital investments and government regulations also act as barriers to entry for new players, which is commonly seen in an oligopoly market structure. Therefore, the airline industry in this country is an oligopoly.

The Airline Industry in a Particular Country Has Only Four