2. Oligopoly market structure is a structure of market in which there is
an imperfect competition among few number of sellers. In this
market structure every firm has enough power to save itself from
being a price taker but do not have enough market strength to say
that market demand is created by the firm itself, as each firm faces
enough rivalry from the competitors. Oligopoly can either be
collusive or non-collusive.
Market structure of aviation
industry
OLIGOPOLY
3. CHARACTERISTICS OF
OLIGOPOLISTIC MARKET STRUCTURE
Barriers to entry
Few number of sellers
The product or service sold/provided is either homogeneous or differentiated
Huge capital investment
Interdependence
4. Factors affecting
the demand of
Aviation Industry
PRICE
PREFERENCE OF
CUSTOMERSINCOME LEVEL
OF
PASSENGERS FUTURE PRICES
PRICE OF
COMPETITORS
&RELATED EXPENSES
5. Factors affecting supply in Aviation Industry
Fuel price
Interest rate
Government Policies
Climatic conditions
Supplier price
Availability of alternatives
6.
7. RECOMMENDATIONS
There is high potential in Tier II and Tier III cities. Airline companies have to
explore these options for better revenue.
Improvements to current metal-detector portal technology are expected to
be transparent to passengers and the security-screening personnel. However,
these improvements may increase screening efficiency by decreasing the
number of false alarms and by allowing the screening personnel to resolve
these alarms more quickly by providing information about the specific type
and location of the object that triggered the alarm.
