research essay

Please note that this question requires substantial research (see the assessment criteria below).

(a) Explain oligopoly and perfect competition market structures, and identify the key factors that distinguish them. (6 marks)

(b) Choose an industry from your home country representing oligopoly, and using real data from your case study identify its key characteristics in relation to the factors used to differentiate between the market structures.(6 marks)

(c) Briefly explain how oligopoly can be evaluated. Using real data from your case study, apply appropriate evaluation model to your case study and compare the market outcomes under oligopoly with the market outcomes under perfect competition model. (10 marks)

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