Suppose You Can Fly from Charlotte to London but Only

question 45

Multiple Choice

Suppose you can fly from Charlotte to London but only two airlines provide the service. This market would be described by

• A)limited competition.
• B)monopolistic competition.
• C)oligopoly.
• D)monopoly.

---

Definitions:

Modified Block

in the context of document formatting, is a style where the text is aligned to the right or left margin, usually with indented paragraphs.

Indented Paragraphs

Paragraphs in which the first line is moved a few spaces to the right from the margin to visually separate the paragraph from others or to indicate a new section.

Professional Letters

Formal correspondences used in or related to a professional context.

Professional Associations

Organizations comprised of individuals from the same profession aimed at promoting and supporting the interests of its members.