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What pointers can you give me to assist me with completing the assessment below?. I'm struggling to start off , especially with identifying the issues
What pointers can you give me to assist me with completing the assessment below?. I'm struggling to start off, especially with identifying the issues related to the question.
Read the following link and answer the questions given below; hps:f/mttan.edu.aufnewsfwhy-oligopplies-are-not-dominating-australian- consumers/t?:-:text=Around%20the%20world%2C%20many%20are%20concerned%20that %20com etition%20is%20wanin .&text=Bi %20nns%20d0n't%2 la and%20insu1ated %20from%20trade/o20competition. Choose ONE natural monopoly and ONE oligopoly/duopoly rm operating in Australia (you can choose businesses even not mentioned in this article). Conduct your own research to nd the trend in prots and market shares of these two rms (in the last 5 to 10 years) to justify the claim made in this article about the performance of these businesses in general. Compare Australia's case (that you observe for the two chosen businesses in Australia) with another industrialized country of your choice [Hint: To compare, you may use a natural monopoly and an oligopoly business in that country or alternatively use a general picture of monopoly and oligopoly businesses in that country, depending on the availability of data]. Comment on these organizations' performance during the recent recession in both countries. Evaluate the statement, \"If our oligopolists were replaced by more and smaller companies, consumers may well pay even higher prices\". You should structure your assignment around the following (all these aspects may be presented in an integrated way): 1) Issues: Identify and explain the main issues concerning monopoly and oligopoly businesses 2) Analysis: Analyze the issues identied in (i). You must use relevant economic theory and ethical/critical thinking. 3) Position: Derive your position on the issues identied in (i). You must provide evidence by interpreting, evaluating, integrating, and synthesizing your analysis done in (ii). 4) Critique: Defend your position derived in (iii) against the best possible argument that may be raised in opposition to yours. You must consider the assumptions and implications of your positionStep by Step Solution
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