1. The Malaysian government has signed an agreement with Pfizer Inc to obtain its Covid-19 vaccine for 20% of the population as it battles a resurgence of coronavirus infections. Purchase of this vaccine will be done in 2021.

Discuss how the purchase of this vaccine will affect current and future demand determinants for the tourism sector in Malaysia.

1. Assume two firms are currently competing in a market to produce Covid-19 vaccine. If one of the two firms wants to try to eliminate the other firm as a competitor, should it undertake a strategy of limit pricing or predatory pricing?

Discuss you answer and describe the conditions under which the strategy you have selected will be most successful.