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• Discuss whether the above market can be considered as an oligopoly market.
• Identify and analyse any possible types of competition that are likely to occur (Quantity competition/Price competition/Product differentiation).
• Link the competition mentioned above with the game theory models (Cournot competition/Bertrand competition/Hotelling model). State the theoretical results of the chosen model
• Analyse any threats of new entrants into the chosen industry. What strategies can incumbent firms implement to limit those threats?