Question

Aircraft makers Boeing and Airbus have a high degree of ______ because they have a presence in similar countries and share many common buyers.

a) Monopoly
b) Oligopoly
c) Monopsony
d) Competition

Answer 1

Boeing and Airbus have a high degree of competition because they operate in an oligopoly market structure and share many common buyers.

Step-by-step explanation:

The high degree of competition is the most appropriate answer for this question. Boeing and Airbus operate in an oligopoly market structure where there are only a few dominant firms. They have a high degree of competition because they have a presence in similar countries and share many common buyers.