NMIMS – Business Economics – Do you agree that the Indian Aviation Sector is a classic example of oligopoly as there is a hidden agreement among the existing airline Industries and

Do you agree that the Indian

Business Economics

Questions:

Q1. Do you agree that the Indian Aviation Sector is a classic example of oligopoly as there is a hidden agreement among the existing airline Industries and their pricing structure? If yes support your answer with examples from the Industry and with the kinked demand curve diagram.

Q2. How is the Price arrived at in an Oligopoly Market, depict with the help of a Diagram. Also mention the Dead Weight Loss created and the social impact on due the creation of this Dead Weight Loss

Do you agree that the Indian

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Do you agree that the Indian