Question
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
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] (10 Marks (5x2marks) for the attributes and 5 marks for one pricing structure) b. Discuss two contrasting features in the pricing structure of Oligopoly with that of perfect competition (5 marks per contrasting point)
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