1.Whatdo you think is/are the importance of understanding the oligopolisticcompetition in the market? How does economists/managers benefits in understanding this market typology.

2.Are the following companyan example of an oligopolistic competition . If your answer is yes or no. Support your claim with facts and data. (Shell, Microsoft, Google, Meralco, Honda Car).

3.How do oligopolistic company determines its price and earn profit in the market. Explain and support your answers.