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Home > Theory of Costs and Market Structure

Theory of Costs and Market Structure

1. Discuss whether having large companies in the pharmaceutical market could be beneficial to society.

2. Identify the type of market structure a pharmaceutical company operates in, and distinguish the key features with perfect competition.

3. Discuss the view that more market power leads to the exploitation of consumers.

4. Explain the likely market structure that car manufacturers are likely to be operating in.

5. Differentiate between the key features of the economic models of monopolistic competition and oligopoly, illustrating your answers with examples.

6. Discuss the possible impacts of a merger of two large companies on consumers, producers and the economy.

7. Explain the possible reasons for a market to have a monopoly.

8. Discuss the various objectives that a firm may seek to achieve.

9. Discuss how behaviours of a monopolist in protecting or increasing the profits can be detrimental.

10. How far do you support the argument that having large firms will benefit consumers?

11. Discuss the extent to which monopoly is a realistic market structure in Singapore.

12. Explain why firms grow in size.

13. Compare and contrast a monopoly with an oligopoly.

14. Using appropriate examples, discuss whether firms operating in Singapore should aim to become big to be competitive.

15. Discuss how price discrimination can be beneficial to the bus and MRT companies as well as to commuters.

16. Explain, with the use of examples, the various types of price discrimination seen in the market.

17. Explain the market structure in which pizza outlets are likely to operate.

18. Discuss the view that greater competition is beneficial to the society.