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Leviafan [203]
2 years ago
8

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.

Read more about monopoly here:

brainly.com/question/13113415

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