Look up the term “duopoly” on Wikipedia and you’ll see Boeing and Airbus listed as a prime example. The entry barriers to the jetliner business are massive, and the two aerospace giants are dominant forces. So it is therefore surprising that actual sales prices for Airbus A320s and Boeing 737s over the past 15 years have barely budged, even as fictional list prices have marched steadily upward. Airbus received an average of $43-45 million for a new A320-200 in 2002 in ...

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