Imagine you are one of the commissioners of the South African Competition Commission that investigated the...

Imagine you are one of the commissioners of the South African Competition Commission that investigated the anti-competitive practices in the motor vehicle car safety products sector mentioned in the extract. You have been requested to report in assignment essay format to parliament on your investigation: a) In your report on the findings, explain and discuss at a theoretical level five attributes of Oligopolies and how such a market operates with respect to decisions made on prices and output. [25 Marks] (10 marks for the attributes and 15 marks for the pricing structure) b) Discuss two contrasting features in the pricing structure of oligopoly with that of perfect competition. [10 Marks] c) Discuss how each of the practices reported on in the extract could have been interpreted as anti-competitive behaviour. [15 Marks]

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Rahul Sunny answered 1 year ago

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