Price (dollars per flight) Based on the figure 14.1 problem 1 below answer the following questions a) What market structure (kind of market) it represents? b) How many companies are included in this market and why? c) What is the total demand? Please answer a), b) and c) separately FIGURE 14.1 Problem 1 1,100 1,000 900 ATC 800 700 600 500 400

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