let's turn to consideration of the 'real world' airline industry.Read these two short articles from theHarvard Business Review:

Schmalz, M. (2016). Warren Buffett Is Betting the Airline Oligopoly Is Here to Stay.Harvard Business Review Digital Articles, 2-4.

https://hbr.org/2016/11/warren-buffett-is-betting-the-airline-oligopoly-is-here-to-stay

Vazquez Sampere, J. P. (2016). The Reason Air Travel Is Terrible and So Few Airlines Are Profitable.Harvard Business Review Digital Articles, 2-5.

https://hbr.org/2016/05/the-reason-air-travel-is-terrible-and-so-few-airlines-are-profitable?ab=at_articlepage_relatedarticles_horizontal_slot1

Prepare a short report that analyzes the commercial airline industry.Is the industry an oligopoly? (why or why not? What characteristics of oligopoly are present in the industry (provide examples/evidence)? Do commercial airlines typically have market power (ability to control prices)? Is there significant threat of entry? In what ways could airlines potentially collude? How likely is such collusion to happen? What factors will affect the competitive environment in the industry in the future? Are consumers hurt or helped by the level of concentration in this industry?

If you consult any resources in the preparation of your report, please cite them appropriately using APA style.