Question: Based on the given article: < https://drive.google.com/file/d/1d2t4Fk6R4OyH4u3oGLVGXxPU0o67J6I2/view > Discuss whether the above market can be considered as an oligopoly market. Identify and analyse any possible
Based on the given article:
< https://drive.google.com/file/d/1d2t4Fk6R4OyH4u3oGLVGXxPU0o67J6I2/view >
- Discuss whether the above market can be considered as an oligopoly market.
- Identify and analyse any possible types of competition that are likely to occur (Quantity competition/Price competition/Product differentiation).
- Link the competition mentioned above with the game theory models (Cournot competition/Bertrand competition/Hotelling model). State the theoretical results of the chosen model.
- Analyse any threats of new entrants into the chosen industry. What strategies can incumbent firms implement to limit those threats?
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