Question
Airbus and Boeing are the two dominant players in the aircraft industry. The duopoly owns the sky by making up 99% of global large plane
Airbus and Boeing are the two dominant players in the aircraft industry. The duopoly owns the sky by making up 99% of global large plane orders, and those large plane orders make up more than 90% of the total plane market. Currently, there is a low aircraft demand, which intensifies the competition among these two firms for orders from airlines. What is the most likely effect of these conditions on the airline industry?
It will make the airline industry more attractive because of decreased supplier powe
It will make the airline industry less attractive because of decreased supplier power
It will make the airline industry more attractive because of increased supplier power
It will make the airline industry more attractive because of a new entrant
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