Problem
1. (Varieties of Oligopoly) Do the firms in an oligopoly act independently or interdependently? Explain your answer.
2. (Case Study: The Unfriendly Skies) One complaint frequently heard about airfares is that flying from an airline's hub city airport is more expensive than flying from a nearby city that is not a hub. How might this reflect a different level of competition in hub city airports?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.