Question
please provide references in the end of the report so that i'll be easy for me to know from where data is from, and also,
please provide references in the end of the report so that i'll be easy for me to know from where data is from, and also, please don't post copied data, write it in own words not the copy paste.
1. Analyze and evaluate the market structure of the airline industry. In the analysis, determine whether the current market is concentrated or not. In discussion, use economic tools or models to make this decision. also consider who owns Jetstar when making these calculations.
2. With the events of COVID-19, there is a possibility that Virgin Australia may fold. Assuming this market share will be taken up by QANTAS, calculate the new HHI for the industry. What do you think will happen to air ticket prices? Explain and justify with relevant economic concepts.
3. A couple of States, including NSW, are expected to help bail out Virgin Australia. Do you think this will be good for the industry? Do you think it will be good for Qantas?
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