Question

The Philippine archipelago is composed of 7,107 islands. Such fragmented shape poses a great challenge and hampers the movements of its people going and through from one island to another. Most inhabitants prefer to travel by air. Currently, millions of Filipinos availed and patronized the services of the 3 major airline companies in the country. In the situation cited, what market structure is highlighted?

Answer 1

The transportation sector is vital to the success of our industry. Put simply, if we can’t move people from place to place — whether by air, sea, or land — we don’t have an industry. This chapter takes a broad approach, covering each segment of the transportation sector globally, nationally, and at home in British Columbia.

Let’s start our review by taking a look at the airline industry.

Air