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I just read closing case 2.1 Emerging Markets: Competing in the Indian Airline Industry, from the text book Global Strategy, by Peng 4th edition. I

I just read closing case 2.1 Emerging Markets: Competing in the Indian Airline Industry, from the text book Global Strategy, by Peng 4th edition. I need to know the answer to the first question: Why is it so hard for firms in the Indian airline industry to make money?

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