Is the airline industry in an oligopolistic state? Explain why. Think about tv c

Question

Is the airline industry in an oligopolistic state? Explain why. Think about tv commercials and print advertisements that you’ve seen from this industry: what interdependence have you noticed between airline industry and its rivals in terms of product differentiation, price leadership, or price competition? Explain. Is the airline industry in an oligopolistic state? Explain why. Think about tv commercials and print advertisements that you’ve seen from this industry: what interdependence have you noticed between airline industry and its rivals in terms of product differentiation, price leadership, or price competition? Explain.

Explanation / Answer

Yes, as there are many airlines not just one or two, having different facilities and prices to offer. There are many airlines, some offers luxury and high price for elites whereas, some offers reasonable price for the facilities they provide. And some provides both.

All the variant gets there share of customers but do surely affects one another.

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