Posted: November 26th, 2014

4004BUSBM Semester One Assignment;

4004BUSBM Semester One Assignment;

Answer THREE of the following questions. Each answer should be no more than 600 words (excluding diagrams)
3.    What are economies of scale? How do they relate to long run average costs for a firm? Provide real examples of economies of scale.
4.    Discuss the main differences between perfect competition and monopoly. Provide real world examples of each type of market structure.
5.    Explain with reference to real world examples what is meant by ‘Price Discrimination’.
Your work should be approximately 2000 words.

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