Barriers to Entry
Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers? Guided Response: Review the discussion board posts of your classmates.
Do you agree or disagree with their reasons on whether or not government should get involved when it comes to monopolies? Respond to at least two classmates. Compare and contrast your posts and comment on barriers to enter a market and analysis of government's relationship with monopolies.
Amacher, R.,& Pate, J.(2013). Microeconomics principles and policies. San Diego, CA Bridgepoint Education, Inc.