Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of

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22-07-2022
Business

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Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of

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ayokenny2001 ayokenny2001 · Answer 1 · 2022-07-26T18:07:23+02:00

Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of barriers to entry.

What is monopoly?

This is a market structure, where there is only one seller of a product and the seller can influence the price of the product.

Characteristics of a monopoly are:

Barriers to entry
Price Discrimination
No Substitute Products

Learn more about monopoly here: https://brainly.com/question/5832236

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