economics

ECONOMICS 511(202251ECO511C) Information SECTION B: SHORT QUESTIONS COMPULSORY(20 MARKS) Flag question Information QUESTION 2 Flag question Question 31 2.2 The behaviour of a firm depends on the features of the market in which it operates. With reference to the Not yet criteria below, identify a relevant Monopoly in South Africa and explain how the selected firm aligns with the answered market criteria for a Monopoly. Marked out of a) The number of firms in the market 10.00 P Flag question b) The nature of the good or service sold c) Ease of entry for new competitors into the market d) Control that the firm has over price