Suppose that you were an industry analyst trying to determine whether the leading firms in the airline industry are playing a tit-for-tat pricing…

Suppose that you were an industry analyst trying to determine whether the leading firms in the airline industry are playing a tit-for-tat pricing game.a. what the real-world data would you want to examine?b. What would you consider to be evidence of tit-for-tat pricing?

Suppose that I were an industry analyst trying to determine whether the leading firms in theairline industry are playing a tit-for-tat pricing game, then:a. The real-world data that I would want…