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During 2020 one of the two major Australian domestic airlines, Virgin Australia, went bankrupt. Virgin Australia has since been bought out and restructured. At the
- During 2020 one of the two major Australian domestic airlines, Virgin Australia, went bankrupt. Virgin Australia has since been bought out and restructured. At the time, there were concerns about Virgin's bankruptcy and calls for government support. Explain why we might be concerned about Virgin Australia going bankrupt, outlining any harmful outcomes with the potential market structure for domestic airlines.
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