Why are Boeing and Airbus the only commercial passenger jet manufacturers?
In: Economics
The Boeing 747 was the first commercial widebody, followed by the [DC-10](https://en.wikipedia.org/wiki/McDonnell_Douglas_DC-10) and the Lockheed [L1011](https://en.wikipedia.org/wiki/Lockheed_L-1011_TriStar?wprov=sfti1#Production) (pronounced El ten eleven).
From Wikipedia:
> The TriStar’s rivalry with the DC-10 has been seen as a “case study in what can happen when two manufacturers attempt to split a market that simply could not support both aircraft”.
Combine that with the fact that European governments subsidized Airbus, and we went from four to two
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