For my H2 Econs class (Tue 4pm-7pm) only ...

Ok guys, your homework, here it is. Btw, it’s no longer just part (a), ‘cos I want you to revise more.

Essay Question:

(a) Explain the ways in which car manufacturers compete with one another to gain market share. [10]

(b) Assess the desirability of fewer firms in the global car manufacturing industry. [15]

Instructions:

1. Revise thoroughly the topic on Firms and Market Structure.

2. Answer the question on writing paper in 45 minutes (time yourself).

3. Submit your essay to me when we meet on 5th June.

Note:

Please treat this homework seriously as I may not have time to give you a test on this topic, as there are many other topics and we have only about 15 lessons left. I will still give you an essay revision package like I did for price mechanism and elasticity. Btw, remember that a 45 min essay should be at least 4 pages long. Ok, good luck. : )

Rgds,

Mr Ilyasa