Assessment 2- Presentation
Student Name
ECON6001 Economic Principles
April 7, 2020
Agenda
• Market Structure of Airlines Industry
• Companies Selected
• Impact on Behaviour of Consumers
• Impact on Pricing
• Imp
...
Assessment 2- Presentation
Student Name
ECON6001 Economic Principles
April 7, 2020
Agenda
• Market Structure of Airlines Industry
• Companies Selected
• Impact on Behaviour of Consumers
• Impact on Pricing
• Impact of Pandemic on Pricing Decisions of Sellers
• Market Power Exercised by Sellers
• Reaction of Australian Government
Introduction
• To order to determine the effect of Covid-19 the airline sector is chosen.
• Covid-19 poses a major challenge to the world economy which has significant industrial
consequences on all sectors.
• The effect of the Covid-19 virus will be analyzed using economic theories and business
dynamics.
• There is a review of the effects of the Covid-19 pandemic on consumer behaviour. They
would also examine the influence of the pandemic on sellers 'prices and commodity
decisions.
• The study will also be followed by market influence and policy reaction.
Market Structure of Airlines Industry
• The market structure of the airlines industry is oligopolistic market structure.
• The number of firms in the industry are very few.
• The firms cannot keep the others from having significant influence.
• There could be various factors which can contribute to the evolution and dissolution of
the oligopolies.
• These factors also have a huge impact on the organizations in the industry.
Companies Selected
• Quantas and Virgin Australia are two top Airlines companies in the
Australian Airlines industry.
• The Australian Airlines industry is dominated by five companies and these
two are part of them.
• It shows that the selection of the oligopolistic market structure is right.
There are a few number of firms.
• The other characteristics of the
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