hi team,

Are you able to assist with the below questions. how would i respond to this question using diagrams or tables?

(a) Assess the belief that industry in Australia is highly concentrated and discuss the extent to which this situation is changing? In the context of Section 46 of the Competition and Consumer Act 2010 (CCA) is the level of industry concentration an issue that the Australian Competition and Consumer Commission (ACCC) considers in its deliberations? (b) Using economic theory, explain the intent of section 46 of the CCA. Does the evidence suggest that changing market concentration has resulted from contraventions of section 46 of the CCA?

Australian Competition & Consumer Commission (ACCC) (2018) Guidelines on misuse of market power, accessed 30 July 2021 < https://www.accc.gov.au/system/files/ Updated%20Guidelines%20on%20Misuse%20of%20Market%20Power.pdf>

Bakhtiari S. (2020) 'Trends in Market Concentration of Australian Industries' The Australian Economic Review, 54 (1) pp. 57-75, accessed 30 July 2021 (https://onlinelibrary.wiley.com/doi/full/10.1111/ 1467-8462.12393%3E)