‘Airbus 350 vs. Boeing 787: Battle for the Skies’.

Question 1 (Total marks 50) Q1.1What is a duopoly market? (10 marks) Q1.2How is competition dynamics structured in a duopoly market? (20 marks) Q1.3What are the pitfalls of a duopoly market? (20 Marks) Question 2 (Total marks 50) “Airbus and Boeing had been strong contenders in the aircraft industry for many years” [Section: ‘History of Airbus and Boeing’, para 4 of the case study]. Q2.1What is the nature and criteria of competition that exists between Airbus and Boeing? (25 Marks) Q2.2What are the strategies followed by them to sustain in the market? (25 Marks)