Question 1: (8 marks)

Classify these firms into adequate market structure and explain your classification. (8 marks)

Sporting and athletic goods (2 marks)

Fresh flower retailing (2 marks)

Petrol service station in Abu Dhabi. (2 marks)

Telecom operator in UAE (2 marks)

Question 2: (6 marks)

Suppose that ABC firm has 100 hours of labor a day used to produce snacks and swimming classes.

The data below presents the maximum quantity of each good produced.

Labor Swimming classes snacks (hours) (classes per week) 0 0 or 0 20 4 or 10 40 8 or 18 60 12 or 24 80 16 or 28 100 20 or 30