1a) With reference to the characteristics of markets structure, give an example of a firm in the Monopolistic Competitive market and another in the oligopolistic market structure (12m)
1b) Discuss how these business might compete in their respective market structures (13m)
2a) Explain the main features of the behavior of firms which operate in an oligopolistic market (10m)
2b) Discuss the extent to which firms in an industry behave as oligopolists (15m)
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