Li Question 1 (40 marks) [a] Describe the characteristics of the market structure for mobile phone repairs in Dublin. (15 marks} in} Explain the concept of market power and relate this to Guinness's product differentiation strategy. {It} marks) an Explain the potential application of the {Emit pricing strategy by Ryanair to deter new potential entrants into the low-cost carriers' market in Europe. (15 marks)