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Pleases help me answer the question!! Thank you !! Case Study 2 Supposing that there are four self-financing colleges, Hong Kong College A (CA), Hong

Pleases help me answer the question!! Thank you !!

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Case Study 2 Supposing that there are four self-financing colleges, Hong Kong College A (CA), Hong Kong College B (CB), Hong Kong College C (CC) and Hong Kong College D (CD), providing associate degree programs to support the tertiary education in Hong Kong. The HKCA and HKCB are two dominant leaders amongst four institutions. The CA provides quality tertiary education for over 3,000 students. The College offers mainly in Associate Degree (AD) programmes, and some undergraduate degree programmes, from the Faculty of Arts and Humanities, Business, Science and Technology, and Social Sciences. The CB offers associate degree and higher diploma programmes for tertiary education range from the study areas of Arts to Social Sciences as well. Answer ALL Questions (Each scores 10 marks) 4) What is the market structure of this education industry? Write out all characteristics of the market structure in this education industry to support your answers. (10 marks) 5) Assuming that advertising has a significant impact to attract students to pursue the associate degrees in its college. The two dominant colleges, CA and CB, have their decision whether to advertise or not to advertise. What is the dominant strategy for CA and CB in the short run? What is the dominant strategy for CA and CB in the long run? Explain in details. (Hints: Nash equilibrium, game theory and prisoner dilemma) (10 marks) 6) In "Study - Hong Kong, 2020 Education Bureau", it states, "We strive to provide young people with quality and diversified study pathways with multiple entry and exit points." Illustrate how Education is a positive externality to your associate degree study in the UOWCHK. Advise what the government should do. (10 marks)

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