2 years ago

If only one airline serves a town, does a monopoly exist? What about competition from other services?

Business

2 answers:

Pie2 years ago

5 0

Answer:

I really don't understood ur Question..

Explanation:

Sorry friend.....

Nadya [2.5K]2 years ago

3 0

If only one airline serves a town, the <em>question </em>of whether a monopoly exists is:

Yes, a monopoly exists

Based on the given question, we are asked to state whether a monopoly exist in a situation where there is only one airline in a town, and the answer is, yes, that is a monopoly

It is important to note that a monopoly has to do with the domination of one company in a market system whereby there is little to no competition from other companies. In this situation, there is usually higher prices of products because there is a <em>lack of competition</em> for competitive prices.

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