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Question Two a. List and explain, in your own words, three examples of industries that you would consider to be oligopolies. (30 marks) b. Oligopolistic
Question Two a. List and explain, in your own words, three examples of industries that you would consider to be oligopolies. (30 marks) b. Oligopolistic firms normally use otherfactors, rather than price, to impact the demand for their goods. Detail m non-price determinants of demand and explain with examples how they could impact oligopolies' demand. (40 marks) c. There are also some factors, rather than price, that could impact drastically oligopolies capacity to supply goods. Detail three non-price determinants of supply and explain with examples how could they impact oligopolies' production capacity. (30 marks) Total: 100 Marks
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