Question

select an industry in which oligopoly exists. Present the reasons why you believe an oligopoly exists in this industry. Next try to imagine how one of the firms in this industry (name any of the major firms in the industry) may be operating as a typical oligopolist.

Answer 1

The industry that I'm considering is Airline Industry.

In this regard it can be mentioned that this is an oligopoly because it satisfies all the conditions that and oligopoly processes such as the barriers to entry are very high because the entry cost service in order to start an airplane, next there are only few firms in the industry and market share exists between them which is also another case of oligopolistic market.

I'm selecting one firm which is Alaskan Airlines where the main aim of delta airlines is to capture the market share in the other competitors and that is why at times you can see the price levels go down in order to tackle the competition and follow the market leader