Would you consider the large passenger jet manufacturing industry to be perfectly competitive (does it meet all of the assumptions of perfect competition listed on page 232 of the textbook). Please give an explanation.

Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 6.3A
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Boeing and Airbus are two manufacturers of large passenger jets (more than 150 passengers). They compete vigorously with each other and airlines which purchase aircraft from either firm often get deep discounts on the list price. Would you consider the large passenger jet manufacturing industry to be perfectly competitive (does it meet all of the assumptions of perfect competition listed on page 232 of the textbook). Please give an explanation.
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