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The number of competitors in unregulated transportation markets differs widely between rail, air, marine, truckload and less-than-truckload (LTL) trucking. 1) Draw and explain an appropriate

The number of competitors in unregulated transportation markets differs widely between rail, air, marine, truckload and less-than-truckload (LTL) trucking.

1) Draw and explain an appropriate economic model (or models) that illustrate(s) why in some modes of transport, like airlines, firms are few in number and in others, like truckload trucking, companies are so many in number.

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