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Identify the market structure the airline industry in Australia follows. Make sure you justify your choice of market structure using all of the market characteristics

Identify the market structure the airline industry in Australia follows. Make sure you justify your choice of market structure using all of the market characteristics used to classify markets. Using your own independent research, provide some brief comments on the market participants (Qantas and Virgin Australia) and some fun/interesting facts about the industry. Draw a diagram for this industry if all market participants act together to maximise profits. (6 marks)

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