If you want to fly to Los Angeles, a place most airlines fly in and out of, the airline industry is likely , but if you want to fly to a small town in Texas, where only one airline flies, the airline industry is likely .

Question

26-02-2020
Social Studies

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If you want to fly to Los Angeles, a place most airlines fly in and out of, the airline industry is likely , but if you want to fly to a small town in Texas, where only one airline flies, the airline industry is likely .

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nalleitenw nalleitenw · Answer 1 · 2020-02-26T19:01:21+01:00

The correct answer is Competitive; monopolistic

Monopoly is an economic situation in which a single company controls the production and marketing, or just one of these activities, of a given product or service.

This model combines competition with product differentiation. Example: the restaurant market has characteristics typical of monopolistic competition. In every major city there are hundreds of restaurants with a wide variety of foods, prices, or services.

If you want to fly to Los Angeles, a place most airlines fly in and out of, the airline industry is likely ____, but if you want to fly to a small town in Texas, where only one airline flies, the airline industry is likely ____.

Respuesta :

Otras preguntas

If you want to fly to Los Angeles, a place most airlines fly in and out of, the airline industry is likely , but if you want to fly to a small town in Texas, where only one airline flies, the airline industry is likely .