The U.S. commercial airline industry is a good example of an ...

[serike]

The U.S. commercial airline industry is a good example of an oligopolistic market.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following exemplifies inefficient legal assignment of rights with high transaction costs?
 a. Agreement between an orchard farmer and a beekeeper.
  b. LoJack installation in cars to prevent car theft.
  c. The Huntington Beach oil wells.
  d. Installation of smog control in cars.

[ryhom]

Answer to Question 1

True

Answer to Question 2

C