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i. Crown Casino operating in Melbourne or Star Casino operating in Sydneyii. Crown Casino or Star Casino operating in the global casino marketili. A fish

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i. Crown Casino operating in Melbourne or Star Casino operating in Sydneyii. Crown Casino or Star Casino operating in the global casino marketili. A fish and chips take away shop that can be found in most suburbs.iv. Google search "List of banks in Australia" to see how many banks operate in Australia and give reasons to support the argument that the banking industry in Australia has the market structure on an Oligopoly.v. A small stall in one of Melbourne/Sydney's Sunday markets that sells souvenirs such as wallets, caps, tee-shirts, key chains.vi. A hair salon in your suburb that makes the effort to provide a service that is "just a little bit better" than its competitors including cleanliness, efficiency, friendly service, promptness, knowing customers by name, pleasant experience and of course a great hair- do.\fQuestion 4 Briefly explain "Economies of Scale" and how it can give rise to a market having a "Natural Monopoly." (About 100 words) (4 marks)Question 5 Explain the term "Non-price competition" by giving two examples of how firms engage in this and identify which two market structures experience it the most. (About 80 words) (4 marksvili. The liquor retailing industry in Australia (Refer to attached limited IBIS report)Question 3 Based on your answer to question 1, you will notice that barriers to entry in the market structures Perfect Competition and Monopoly are very different. Between these two market structures, which has the environment that is possible for a firm to make super-normal profit and why? (4 marks)

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