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Assume That There Are Only Two Full-Service Airline Firms in a Country.The

Question 41

Multiple Choice

Assume that there are only two full-service airline firms in a country.The service provided to the consumers by each of them is marginally different.Given that the full-service airline industry has high entry costs,the _____ model of the market is most applicable to this industry.


A) oligopoly
B) monopoly
C) dominant firm model
D) perfectly competitive

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