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Bogdan [553]
3 years ago
14

What type of competition exists in the aviation sector? And why?

Business
1 answer:
shtirl [24]3 years ago
8 0

Answer:

Oligopoly market structure

Explanation:

The airline industry is characterized by an oligopoly market structure, a form of imperfect competition in which a limited number of firms dominate the industry. Oligopoly firms have market power in setting or altering prices for their products by establishing various output values.

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