The air travel market, which is dominated by a few large firms, is an example of

A) a monopoly market.
B) an oligopolistic market.
C) a perfectly competitive market.
D) a monopolistically competitive market.

B

Economics

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What is the difference between the actual deficit, the cyclically adjusted deficit, and the cyclical deficit?

What will be an ideal response?

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An open economy is one in which exports and imports constitute a large share of GDP.

Answer the following statement true (T) or false (F)

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