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HELP! With this Economics essay

Asses the view that making an oligopolistic market more contestable is the best way to improve the efficiency of that market. 25 marks
I am kind of struggling to write this essay
Reply 1
you want it written?
Original post by cloes
you want it written?

yes please or the plan of the essay
Reply 3
Original post by noodleman12
yes please or the plan of the essay

ping me ASAP
Hello. I can assist
Original post by cloes
ping me ASAP


Could I see it aswell?
Reply 6
Original post by Rach2003
Could I see it aswell?

yes, no problem
Reply 7
Original post by noodleman12
Asses the view that making an oligopolistic market more contestable is the best way to improve the efficiency of that market. 25 marks
I am kind of struggling to write this essay


[A]
- Define what is meant by an "oligopolistic market" and give an example of an oligopolistic markets (i.e European Low Cost Airlines Market)
- Identify the characteristic of an oligopolistic market - this includes how profitable the market is, the efficiencies in the market
- Analyse the Kinked Demand Curve Model and explain the importance of an interdependence. Draw the kinked demand curve.


- Define contestability and name a known market structure (I recommend Perfect Competition)
- Identify the characteristic of a contestable market (perfect competition) - this includes how profitable the market is, the efficiencies in the market (both in the Short Run & Long Run)
- Analyse the perfect competition model both in the short run & long run
- Compare the outcomes of an oligopoly & perfect competition and what it means for consumers

[Further Assessment]
- Collusion in an Oligopoly Market - can be modelled as a monopoly. Identify the characteristic & analyse what a collusive oligopoly / monopoly would mean for consumers by the profitability & efficiencies. By doing this you draw the monopoly market structure showing the outcome of both the competitive and monopoly firm.
- How realistic is the perfect competition model
(edited 1 year ago)

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