Question
In: Economics
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]
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
South African Tax
South African Tax
Preparation of financial statements The commissioners of the Regents Park Commission Special Revenue Fund approved the...
Preparation of
financial statements
The commissioners of
the Regents Park Commission Special Revenue Fund approved the
following budget for calendar year 2019. Assume that the fund
balance (Restricted) at the beginning of the year was $10,000.
Also, assume that no encumbrances were outstanding and no supplies
were on hand at the beginning or the end of the year. Prepare a
statement of revenues, expenditures, and changes in fund balance.
In addition, prepare a budgetary comparison schedule, assuming the
originally approved...
Review information for The South African Motor Industry (The South African motor industry originally emerged through...
Review information for The South
African Motor Industry (The South African
motor industry originally emerged through the assembly of
knock-down kits of parts from abroad. Over the years, these
developed into fully fledged manufacturers. This was largely due to
the active industrial policies of the apartheid government (in
power from 1948 to 1994), which aggressively promoted import
substitution. Under apartheid, racial discrimination in the
communities was mirrored by racial Fordism: blacks were largely
condemned to poorly paid unskilled work. This...
Why is South African economy not growing?
Why is South African economy not growing?
are south African banks operating as a cartel?
are south African banks operating as a
cartel?
You are in senior management in a South African company that exports fresh produce to the...
You are in senior management in a South African company that
exports fresh produce to the SADC region. Your company seeks to
grow its footprint into Africa. You have been tasked to identify
two countries in the East African Community where there are
lucrative opportunities for exporting fresh produce. You have been
asked to select these two countries on the basis of the extent to
which each of the two countries in the EAC is globalised. You have
done your...
Gifblaar is a small South African shrub and one of the most poisonous plants known because...
Gifblaar is a small South African shrub and one of the most
poisonous plants known because it contains fluoroacetic acid
(FCH2COOH), which has a pKa of 2.59. Calculate the concentration of
fluoroacetic acid in a solution that has the same pH as a 0.00395 M
solution of HCl.
Gifblaar is a small South African shrub and one of the most poisonous plants known because...
Gifblaar is a small South African shrub and one of the most
poisonous plants known because it contains fluoroacetic acid
(FCH2COOH), which has a pKa of 2.59. Calculate the concentration of
fluoroacetic acid in a solution that has the same pH as a 0.00520 M
solution of HCl.
1. Gifblaar is a small South African shrub and one of the most poisonous plants known...
1. Gifblaar is a small South African shrub and one of the most
poisonous plants known because it contains fluoroacetic acid
(FCH2COOH),
which has a pKa
of 2.59. Calculate the concentration of fluoroacetic acid in a
solution that has the same pH as a
0.00745
M
solution of HCl.
2. The leaves of the rhubarb plant contain high concentrations
of diprotic oxalic acid (HOOCCOOH) and must be removed before the
stems are used to make rhubarb pie. If pKa1 =...
If a firm engages in false advertising, it might be investigated by the Federal Trade Commission...
If a firm engages in false advertising, it might be
investigated by the Federal Trade Commission (FTC) and have its
products removed from the market.
shut down by the Department of Justice.
subject to “penalty by collusion.”
shut down by the Securities and Exchange Commission (SEC).
investigated by the Stock Market Investigation Bureau
(SMIB).
False advertising is generally regulated by
the Federal Trade Commission (FTC).
the Nuclear Regulatory Commission (NRC).
the Securities and Exchange Commission (SEC).
the Antitrust Division of...
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