Uniqlo is a popular global clothing brand with 22 stores in Australia and (a huge) 2,249 stores around the world.

(a) Identify the type of market structure Uniqlo operates in and justify your choice.(2 marks)

(b) Compare the market price and quantity for the market structure Uniqlo operates in to perfect competition.(2 marks)

(c) Say the following diagram represents the market Uniqlo operates in. According to this diagram, is Uniqlo making a profit or loss? Explain your answer. Calculate the size of this profit or loss. (Approximate numbers read off the chart are ok.)(4marks)

Course: ECOM4000 E X Assessment 4 - Indivi x ECOM4000 Economic X ECOM4000 Economic X ECOM4000 Economic X ECOM4000 Economic X Homework Help - Q& X + C 0 elearning.kbs.edu.au/mod/quiz/attempt.php?attempt=90698&cmid=258308&page=5 GZ Update KAPLAN AUSTRALIA MyKBS Campuses My Services Academic My Subjects Q Home > My Subjects > ECOM4000 T1 2021 > Assessment 4 - Individual Test Question 6 Not yet answered Marked out of 10.00 Flag question Quiz navigation Uniqlo is a popular global clothing brand with 22 stores in Australia and (a huge) 2,249 stores around the world. 2 3 4 5 6 8 9 (a) Identify the type of market structure Uniqlo operates in and justify your choice. (2 marks) (b) Compare the market price and quantity for the market structure Uniqlo operates in to perfect competition. (2 marks) Finish attempt ... (c) Say the following diagram represents the market Uniqlo operates in. According to this diagram, is Uniqlo making a profit or loss? Time left 1:08:33 Explain your answer. Calculate the size of this profit or loss. (Approximate numbers read off the chart are ok.) (4 marks) P (5) 1 100- MC 80- 60- ATC 40- 20- D MR 100 200 300 400 500 Q (d) Can Uniqlo make an economic profit in the long run? Explain why or why not. (2 marks)