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In March 2021 Qantas introduced flights to the regional centre of Mount Gambier in South Australia. For the prior 14 years, the regional airline, REX,

In March 2021 Qantas introduced flights to the regional centre of Mount Gambier in South Australia. For the prior 14 years, the regional airline, REX, had a monopoly on this air service. The ABC news item is available at:

https://www.abc.net.au/news/2021-03-28/qantas-flights-arrive-in-mount-gambier/100028410?utm_source=abc_news_web&utm_medium=content_shared&utm_content=mail&utm_campaign=abc_news_web

Q1)With the introduction to the market of Qantas, explain the new market structure for flights to this regional centre?

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