Five Years Ago,Palomino Airline Was Able to Get a Strong

Multiple Choice

Five years ago,Palomino Airline was able to get a strong foothold in the airline industry by hiring a few pilots and crew and renting two airplanes,which flew routes between Denver,Omaha,Pierre,Cheyenne,and Helena.Which of the following summarizes the above factors that enabled Palomino to get started?

A) low entry barriers
B) low competition
C) low fares
D) low flight cancellations