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Week 1 case study

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Please read the attached Mini-Case 1 and answer the following “questions for discussion.” 1-How important is the environment to the performance of airlines in the airline industry? 2-What does this suggest regarding the industrial organization (I/O) model to explain how firms can earn above-average returns? 3-Why is there a lot of imitation in the airline industry, and how does this affect firm performance? 4-How can strategic leaders be successful in an industry like the airline industry?

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