Final answer:
The airport shuttle services market is best modeled as Cournot competition due to the dominant players competing on quantity and the limited ability to adjust capacity or prices.
Step-by-step explanation:
The airport shuttle services market is best modeled as Cournot competition because it exhibits several key factors that align with the assumptions of the Cournot model.
Firstly, the airport shuttle services market typically has a few dominant players who compete against each other by setting their own quantity of service.
This aligns with the Cournot model, where firms compete on quantity rather than price. Additionally, in the airport shuttle services market, firms often have limited ability to quickly adjust their capacity or prices, which also fits the Cournot model assumptions.