Analyse and evaluate the market structure

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Reference no: EM132486820 , Length: 13 slides

Question

The 2020 COVID-19 virus spread which has been recently classified as a pandemic by to the World Health Organisation (WHO) has taken the whole world by surprise. It has already begun disrupting economic activities in many countries directly experiencing its rapid spread and due to the interconnectedness of global economies, in the rest of the world as well. Many industries are currently suffering with full impact not yet known.

Task Instructions

Australian industries: tourism, automobile, restaurant, airline, banking, transport, tertiary education, pharmaceutical, supermarket, horticulture, mining, telecommunications and information technology.

Complete following tasks:

Question (a) Analyse and evaluate the market structure of the selected industry and identify any two Australian companies that belong to that industry. Justify why you have categorised the companies in a particular market structure referring to its main characteristics.

Question (b) Based on the current events, analyse how the COVID-19 virus pandemic has affected the behaviour of consumers in the industry.

Question (c) Analyse the impact of the pandemic on pricing and product decisions of the sellers/producers within the industry. Whenever possible support your analysis with real data.

Question (d) Evaluate the market power exercised by the producers/sellers in this industry and discuss how you think the Australian Government is likely to react in the future in order to encourage healthy competition within this market.

What you have to do :-
Need to prepare 13 slides according to above details and also need to do someexplanations in word file.

Reference no: EM132486820

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