Question
Competition has a critical role to play in getting the economy running again post the COVID-19 crisis. It isimportant that the necessary short-term measures do
Competition has a critical role to play in getting the economy running again post the COVID-19 crisis. It isimportant that the necessary short-term measures do not give rise to long term structural damage tocompetition or market concentration," he said at a recent event.The survival of Virgin Australia is critical for Australia, its economy and tourism industry.Read the article above and answer all questions below.1)If Qantas becomes the only firm in the airline Industry, discuss the three (3) barriers of entry It wouldcreate to remain as the single tirm in the airline industrv2) Discuss the two (2) advantages of the creation of Qantas as single firm in the airline industry.Consider a so whether it is favourable for the allocation of resources In the economy.
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