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An economist is studying the commercial airline industry in her country. She notices that the industry is characterized by the following facts. The airlines offer

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An economist is studying the commercial airline industry in her country. She notices that the industry is characterized by the following facts. The airlines offer a similar customer experience from one airline to the next, and the industry consists of just a few profitable firms competing for customers. Which market structure model is best suited for studying this industry? Perfect competition Oligopoly Monopolistic competition Monopoly 99+ CLG

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