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Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of

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ayokenny2001

Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of barriers to entry.

What is monopoly?

This is a market structure, where there is only one seller of a product and the seller can influence the price of the product.

Characteristics of a monopoly are:

  • Barriers to entry
  • Price Discrimination
  • No Substitute Products

Learn more about monopoly here: https://brainly.com/question/5832236

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