Economics

Evaluate whether such a high market share for one company is in the consumers’ interest. Use
appropriate diagrammatic analysis to support your answer

Reply 1

MindMax2000

Universities Forum Helper

Original post by S Manyingiza

Evaluate whether such a high market share for one company is in the consumers’ interest. Use
appropriate diagrammatic analysis to support your answer

I like how you just put the question up and not mention anything you have done to work towards this question (if you have done anything at all)

I don't know the context of the questions, so I would just give you a bog standard response:
you want to look at the monopolistic/oligopolistic models, comparing AR and D with S and D. There's usually deadweight somewhere in the diagram. Make sure to label the axes and points so people know what you're talking about, as well as mentioning these points in your answer.
I don't know what level you are studying at, but it would also pay to mention the drawbacks of the model if this has been taught in lessons.

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