Question
Reducing the monopoly power in automobile industry Start by stating: 1) the topic and its real world context 2) give an outline of the structure
Reducing the monopoly power in automobile industry
Start by stating:
1) the topic and its real world context
2) give an outline of the structure of your presentation (including what the strategy/policy options are).
3) consider the core of the problem from an economist's perspective applying appropriate tools & concepts; what type of market failure is involved and what is the rationale for intervention? What objectives (or target outcomes) might be set? If it is a private sector topic then what is the firm or industry trying to achieve and what are the strategic objectives?
4) appraise the most relevant policy/strategy options as well as the do nothing option using cost-benefit analysis
5) recommend the best option; be prepared to talk about evaluation following the implementation of the recommended option.
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