Answer the following questions regarding the airline industry. Present you answers as a report of no more than 200i} words. The report should have an executive summary, an introduction, a body, and a conclusion. Ensure that the report is referenced correctly, and all diagrams labelled. Any late assignmenls will incur a 1% deduction per day. In concluding your report, make a recommendation back to the government in whether they should help certain players in the industry and why. Analyse and evaluate the market structure of the airline industry. In your analysis, determine whet her the current market is concentrated or not. In your discussion, use economic tools or models to make this decision. You should also consider who owns Jetstar when making these calculations. With the events of CDUIDilg, there is a possibility that 1'ul'irgin Australia may fold. Assuming this market share will be ta ken up by QANTAS, calculate the new HHI for the industry. What do you think will happen to air ticket prices? Explain and justify with relevant economic concepts A couple of States, including NEW, are expected to help bail out 'v'irgin Australia. Do you think this will be good for the industry? Do you think it will be good for Qantas