The Airline Industry in a Particular Country Has Only Four

question 21

Multiple Choice

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 _____.

• A)a duopoly
• B)perfectly competitive
• C)an oligopoly
• D)a monopoly

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Definitions:

Neutral Buffer

An introductory statement in communication that is neither positive nor negative, used to ease into a sensitive or controversial topic.

Adjustment

The process of making small changes to something in order to achieve a desired result or to correct a misalignment.

Settlement

The resolution or agreement reached in a dispute, or the process of finalizing a transaction by the exchange of funds.

Formal Complaint

A written or formal statement expressing dissatisfaction or grievance, typically submitted to an authority or organization.