d. Elastic demand curve [5 marks] [25 marks] Questions 4: Due to the high demand of fast transportation of air services in speeding up transportation of businesspersons, freight and passengers, and tourists, the competition commission has asked you to right a report on any anti-competitive behaviours in the airline industry. a. In your report on the findings explain and discuss at a theoretical level five attributes of Oligopolies and how such a market operates with respect to decisions made on prices and output [15 Marks]