Question: Instructions: You are required to do both questions. Each question is worth 15 marks. Your submission must include all references used. Submissions must be done

Instructions: You are required to do both questions. Each question is

worth 15 marks. Your submission must include all references used. Submissions must

Instructions: You are required to do both questions. Each question is worth 15 marks. Your submission must include all references used. Submissions must be done in Word or PDF document format. Please note that this assignment is only for students without a score for Final Assessment 2. 1. How does the demand curve faced by a purely monopolist seller differ from a Oligopoly? Why does it differ? Of what signicance is the difference? 2. In Economics what are cartels and why are they considered to be illegal? Explain 4 factors the give rise to the creation and sustainability of Cartels. How do governments around the world combat Cartels

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