1. Analyze the difference between market structures. Discuss the way profits vary based on market structure.
2.Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?
Guided Response: Do you agree or disagree with their reasons on whether or not government should get involved when it comes to monopolies? Compare and contrast and comment on barriers to enter a market and analysis of government's relationship with monopolies.