Market structure

2.1What market structure prevailed before deregulation of the airline industry in South Africa? (1) 2.2 Under what market structure does the airline industry currently operate in South Africa? (1) 2.3 Name the organisation that the other airline businesses could have had approach to assist them with SAA's anti-competitive behaviour. (1) 2.4 List ONE underhanded practice that SAA used to crowd out its competitors. (1) 2.5 Briefly describe the term bail-out. (2) 2.6 Briefly describe the term deregulation. (2) 2.7 Explain ONE reason for the failure of SAA. (2) 2.8 Explain how passengers have benefitted from competition in the airline industry in South Africa. (2) 2.9 Analyse the heading of the extract and debate whether SAA should continue to exist in the airline industry in South Africa. (8) 3. Suppose the following data summarises the cost of a perfectly competitive firm. Perfectly Competitive Firm Quantity Total Marginal Fixed Variable Cost Cost Cost Cost 0 DO TO VIA W N - 100 101 103 106 110 115 121 128 136 3.1 Complete the table. (6) 3.2 Draw the firm's MC curve on a graph. (3) 3.3 Suppose there are 100 firms in the market. Draw the market supply curve on another graph. (3) 4 Make use of a graph to illustrate and explain economic profits for a monopolist. (8)