In reguards to the airlines indusry, provide a minimum of 300 words for each statement. plus atleast 3 academic resources.

1. hypothesis the basic short-run and long-run behaviors of the airline industry in a "market economy."

2. analyze at least 3 possible areas for the industry that could lead to tranasaction costs, explaining each in detail.

3. speculate about the behavior that could result from these transactions and propose 2 or more strategies to deal with them.

4. collect cost, revenue data or other relevent data from the industry and explain how you would modify the data to make it relevent to decisions a manager must make.