The Economicstuition.com.sg is providing economics, resource on Theory of Costs and Market Structure.

1. ECONOMICS TUITION
Theory of Costs and Market
Structure

2. TOPICS 1
• 1. Discuss whether having large companies in the pharmaceutical market
could be beneficial to society.
• 2. Identify the type of market structure a pharmaceutical company operates
in, and distinguish the key features with perfect competition.
• 3. Discuss the view that more market power leads to the exploitation of
consumers.
• 4. Explain the likely market structure that car manufacturers are likely to be
operating in.
• 5. Differentiate between the key features of the economic models of
monopolistic competition and oligopoly, illustrating your answers with
examples.

3. TOPICS 2
• 6. Discuss the possible impacts of a merger of two large companies on
consumers, producers and the economy.
• 7. Explain the possible reasons for a market to have a monopoly.
• 8. Discuss the various objectives that a firm may seek to achieve.
• 9. Discuss how behaviours of a monopolist in protecting or increasing
the profits can be detrimental.
• 10. How far do you support the argument that having large firms will
benefit consumers?

4. TOPICS 3
• 11. Discuss the extent to which monopoly is a realistic market structure
in Singapore.
• 12. Explain why firms grow in size.
• 13. Compare and contrast a monopoly with an oligopoly.
• 14. Using appropriate examples, discuss whether firms operating in
Singapore should aim to become big to be competitive.
• 15. Discuss how price discrimination can be beneficial to the bus and
MRT companies as well as to commuters.

5. TOPICS 4
• 16. Explain, with the use of examples, the various types of price
discrimination seen in the market.
• 17. Explain the market structure in which pizza outlets are likely to
operate.
• 18. Discuss the view that greater competition is beneficial to the
society.

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