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# (Solved): QUESTION 2 (20 Marks) Table 2 The determinants of price wars. \table[[Probit + IV],[,Coefficient a ...

QUESTION 2 (20 Marks) Table 2 The determinants of price wars. \table[[Probit + IV],[,Coefficient and robust std. err.,Marginal effec],[CapacityRate,\table[[\table[[1.0606],[(0.7105)]]]],],[RouteMKS,\table[[\table[[-0.0177],[(0.0157)]]]],],[QFgroupMKS1,\table[[\table[[0.1766\deg ],[(0.0811)]]]],0.0632],[QFgraupMKS2,\table[[\table[[0.1716^(-*)],[(0.0709)]]]],0.0614],[MMC,\table[[\table[[0.0709^(cdots)],[( 0.0233)]]]],0.0253],[AirportliHI,\table[[\table[[-0.0047^(-)],[(0.0021)]]]],-0.0017],[QF,\table[[\table[[0.9753^(cdots)],[(0.0875 )]]]],0.3492],[VA,\table[[\table[[0.8377^(1+)],[(0.0722)]]]],0.3000],[JQ,\table[[\table[[0.4152^(-1)],[(0.0870)]]]],0.1487],[Constant,\table[[-0.9852^(10)],[(0.1343)]],],[N,16430,],[Log Likelihood,-10228.60,]] Noter: 1. Robust standard errors in parentheses. 2.

`^(*)p<0.1,^(**)p<0.05`

,

`_(n)=1p<0.01.3`

. With the aid of Table 2, critically examine the importance of determinants of airline price wars in Australia.WITH THE AID OF TABLE 2, CRITICALLY EXAMINE THE IMPORTANCE OF DETERMINANTS OF AIRLINE PRICE WARS IN AUSTRALIA

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