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Satsume Satsume
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6 years ago
Although the U. S. airline industry has only a relatively small number of sellers, the market is nevertheless highly competitive.  The reason is that:
A) the number of buyers is very large.
B) due to fierce competition, no firm has significant control over prices.
C) due to fierce competition, no firm has significant control over the quantity supplied.
D) most airline routes are served by relatively many sellers.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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6 years ago
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