1. Using Porter's Five Forces

from Baye and Prince. Please insert your answers in this document. For all math problems, show your computations and provide sufficient explanations to demonstrate your understanding of the relevant economic concepts. Submit the completed problem set to the Canvas grade book. 1. Using Porter's Five Forces Framework, highlight the factors that would reduce sustainable industry profits (to near-zero economic profit). These factors apply to any industry, but you may find it helpful to think of the airline industry in making your selections