Microeconomic Assignment

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Choose between these 2 questions. Question 1 Using two real case studies from any country in the world apply and analyse the economic theory and models learned in this unit to compare and contrast the market structures of Monopolistic Competition and Oligopoly. Use well-constructed, case specific diagrams in your analysis. OR Question 2 ‘Firms with market power set prices with the basic objective of capturing consumer surplus and converting it into additional profit for the firm and this goal can be achieved using price discrimination’. (i) Explain the above statement with the use of two real case studies from any country in the world. Select one case study from the airline industry and one from the telecommunications industry. (ii) Analyse and evaluate how any or all of the three broad forms of price discrimination are practiced in these industries. 2500 words (+/- 10%) Min. 10 references, 15 max. (At least 4-5 academic journal articles used) Combination of references required. Graphs/Diagrams/Tables must have titles, be clearly labelled, explained and referred and cited within the main text of the essay. Font : Times New Roman size 12. Double Spacing Citation & Referencing Style : Chicago Scoring rubric will be provided. Budget : $30SGD-$50SGD

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