Economy to have more competitive markets

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Q1. Choose a real-life example of a firm that you think is part of an oligopoly market and describe the characteristics of the market structure that explain why the firm would be classified as such.

Q2. Andrea, I can't afford $100. Will you be able to complete this for tomorrow at 12 noon? I can increase it to $40, what i paid for the last time.

Q3. (a) Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country.

(b) Elucidate is it good for the economy to have more competitive markets?

(c) Elucidate if government industry regulators underestimate the degree of competition in an industry is they likely to over-regulate the industry?

Reference no: EM138384

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