Need help with my Economics question – I’m studying for my class.
Q. 1. Provide an example of any two leading companies from the same industry, which are competing directly for market share. Give a short profile. (e.g. cellphone, Soft drinks)
Q. 2. Suppose, if you are the manager of one of these companies, what pricing policy will you adopt to be in the first position? Why?
Q. 3. When the whole sector of the market is occupied by the little number of big corporations who share the leadership, what do we call this type of market structure? Explain in details the benefits for the leading company and disadvantage of such situation on final consumers.
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Each Question in one page (about ~300 words) + reference
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