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

Required:

(a) Analyse and evaluate the market structure of the selected industry and identify any two Australian companies that belong to that industry.

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

(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.

(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.