Microeconomics Session 5

Microeconomics Session 5

Paper details:

Please find the attached PDFs below:
Microeconomics Session
Case study for ME Session 5
Please answer 3 questions of the case study.
1.Discuss the nature of this market in terms of its oligopolistic features. How might this market have differed if it had been perfectly competitive?
2.Discuss the reasons and implications of collusive behaviour within this case. Who would be affected by such behaviour?
3.Discuss the role of government intervention within this case.