Although the U. S. airline industry has only a relatively small number of sellers, the market is nevertheless highly competitive.  The reason is that:

A) the number of buyers is very large.

B) most airline routes are served by relatively many sellers.

C) due to fierce competition, no firm has significant control over prices.

D) due to fierce competition, no firm has significant control over the quantity supplied.

Answer rating: 100% (QA)

Option C Although the US Airline industry has only a relatively small ... View the full answer