Is the airline industry perfectly competitive?
Is the airline industry perfectly competitive? The airline industry does not belong to a monopolistically competitive market structure. Instead, it belongs to the oligopoly industry, which is an example of imperfect competition. The airline industry is in an oligopoly since very few service providers are in the market.
Are airlines perfectly competitive?
The airline industry does not belong to a monopolistically competitive market structure. Instead, it belongs to the oligopoly industry, which is an example of imperfect competition.