what is an example of a business in imperfect competition 
there are a multitude of examples of businesses and markets that exhibit characteristics of imperfect competition for instance consider the airline industry in this sector there are limited firms operating and high regulatory and financial barriers to entry airline ticket sellers also typically have a high degree of control over price setting with consumers primarily acting as price takers in addition buyers in particular may not have free and perfect information about past present and future conditions preferences and technologies because of these factors and more the airline industry exemplifies imperfect competition 