1. Imperfect competition

Choose one of the following industry:Oil and Gas(Links to an external site.)

,Power generation(Links to an external site.)

,Wireless Telecommunication(Links to an external site.)

, read the report (you may need to use other references as well)and answer the following questions:

• Discuss whether your chosen market can be considered as an oligopoly market. You may want to focus your discussion on key characteristics of an oligopoly market.
• Identify and analyse any possible types of competition that are likely to occur in your industry (Quantity competition/Price competition/Product differentiation). Your analysis must be supported by concrete evidence/data/facts.
• Link the competition mentioned above with the game theory models discussed in the course (Cournot competition/Bertrand competition/Hotelling model). You have to state the theoretical results of the chosen model and discuss whether these results are likely to happen in your chosen industry.
• Analyse any threats of new entrants into the chosen industry. What strategies can incumbent firms implement to limit those threats?

https://drive.google.com/file/d/18kLtClHPXGnZEW9TsqwbTgRPv7Le0I7X/view