Q1) Compare the market structure of Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly under the following heading

i.Number of firms in the market

ii.Similarity of the products sold

iii.Barriers to entry

Q2)Define "price discrimaination" and give any two examples of how it pracitsed

Q3) Explain the argument for and against Price Discrimination in chapter 8.

Q4) explain the term "mutual Dependence" and which market structure experiences it the most.

Resources for this assignment are:

Chapters 7 - 9 from the the prescribed text book Layton A., Robinson. T, and Tucker I. (2019) Economics for Today or earlier versions.

Task Requirements

Students have to research the market structures of perfect competition, monopolistic competition, oligopy and monopoly and demonstrate their understanding of the characteristics of each market structure by addressing a set of questions outlined in the assessment.

https://studentlms.aapoly.edu.net.au/mod/folder/view.php?id=225395

2021-S2-OL-MGE1108 Economics for Business