Suppose There Are Only Four Airlines That Service the Air

question 78

Multiple Choice

Suppose there are only four airlines that service the air route between two cities. If there is a barrier to entering the market (such as a limited number of gates) , the market is best characterized as:

• A) a pure monopoly.
• B) monopolistically competitive.
• C) oligopolistic.
• D) perfectly competitive.

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Definitions:

Recognition

The acknowledgment or validation of someone’s status, achievements, rights, or identity by others or by society.

Intersectionality

An analytical paradigm that scrutinizes how intersecting social identities and their related systems of oppression, domination, or discrimination shape the lives and experiences of individuals.

Matrix of Domination

A sociological paradigm that explains issues of oppression that deal with race, class, gender, sexuality, etc., emphasizing their interconnectivity.

Marginalized Voices

This term refers to the experiences and perspectives of groups or individuals that are pushed to the fringe of society and are often overlooked or silenced.