Reference no: EM132876374

1. Highlight four salient features of a monopolistic competition market structure

2. Highlight five disadvantages of monopoly market structure

3. Distinguish between perfect oligopoly and imperfect oligopoly

4. Briefly explain the economic effect of the oligopoly market structure in an economy

5. Outline the characteristic of an oligopoly market structure

6. Distinguish between the terms expansion path and price consumption curve

7. Outline four advantages of a controlled market structure

8. Outline the features of perfectly competitive market structure

9. Define the term 'market equilibrium'

10. Outline the factors that may lead to the occurrence and persistence of a a market disequilibrium

11. Distinguish between the 'multiplier ' and the 'accelerator' as used in national income statistics

12. Explain four factors that could limit the application of the multiplier in developing countries

13. Explain five factors that determine the macroeconomies level of consumption in an economy

14. Discuss ten limitations of using national income statistics to compare the standards of living between different countries

15. Outline five problems associated with the expenditure approach of measuring the national income of a country