Multiple Choice
The airline industry is a profitable industry. The firms in this industry create barriers to entry through patents and regulations in order to reduce the threat of new entrants. It also minimizes the threat of substitutes while keeping rivalry to a minimum. The airline industry can be best categorized as a(n) _________.
A) attractive industry
B) unattractive industry
C) fragmented industry
D) concentrated industry
Correct Answer:
Verified
Correct Answer:
Verified
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