Asked by Ujjwal Dhakal on Jun 24, 2024

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Aircraft manufacturers such as Airbus and Boeing can be considered to operate in a(n) ____________.

A) national environment
B) oligopoly environment
C) protected monopoly environment
D) hyper competitive environment
E) anti-competitive environment

Oligopoly Environment

A market structure characterized by a small number of firms that dominate the market, leading to limited competition.

Aircraft Manufacturers

Companies specializing in the design, manufacture, and/or assembly of airplanes and aircraft-related systems and parts.

Protected Monopoly

refers to a market or industry where a single provider is shielded from competition through legal means, such as regulations or patents.

  • Discern and set apart various types of market scenarios like monopolies, oligopolies, and environments characterized by hypercompetition.
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Penny AlvarezJun 26, 2024
Final Answer :
B
Explanation :
Aircraft manufacturers like Airbus and Boeing operate in an oligopoly environment because there are only a few firms that dominate the market, making it difficult for new entrants to compete.