Answer to Question #72178 in Microeconomics for Mo

Question #72178
What does the evidence from the article suggest about the market structure operating in the rail industry? Justify your answer. (20 marks) I was wondering if it is monopoly? https://www.theguardian.com/business/2017/aug/15/uk-commuters-brace-rail-fares-hike-uk-inflation https://www.theguardian.com/money/datablog/2017/jan/06/tracking-the-cost-uk-and-european-commuter-rail-fares-compared-in-data
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Expert's answer
2018-01-03T08:24:07-0500
The evidence from the article suggests that the market structure operating in the rail industry is a monopoly, because it is the only supplier of railway connections and can change the price, so it is price-maker.

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