••000 vodafone AU 4G12:59 pm 1 0 =1,= 3_Subject_Outline_Tri 2_2017 NM.pcr\l/1 Open with(n) Print2....

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••000 vodafone AU 4G12:59 pm 1 0 =1,= 3_Subject_Outline_Tri 2_2017 NM.pcr\l/1 Open with(n) Print2. Individual Paper Assessment criteriaDue: Week 6 Weighting: 15%Length: Maximum 1000 wordsASSESSMENT2Postgraduate Program H15003 Economics for BusinessNewspaper Analysis (Written report):15%1) Choose a topic from Micro economics that matters to you and find a recent news article covering that topic. For example following can be some of the useful topics: - Energy Policy of Australia - Demand and supply of certain resources in Australia - Oligopoly, Monopoly and Duopoly in Australia Casts of production in Australian industries. Environmental effects on Great Barrier Reef and Its economic impact2) Evaluate the article using Economic concepts. You should include• The essence of the story (1 to 2 paragraphs): Introduce the issue, who is interested in it and why.• The economic analysis (3 to 4 paragraphs): Explain how you can present the issue in terms of economic concepts and theories you have learnt in class.• Explain your view (2 to 3 paragraphs): Explain what actions you would recommend to the key players and/or policy holders.• Explain how the above analysis supports your conclusion (1 to 2 paragraphs).3) You may provide graphs/charts/diagrams where necessary to enhance your presentation style.4) Students need to submit ONLY the SOFT COPY of the assignment and upload on BB by that time.5) References (may be 4 to 6 )Marking Criteria1) Critical thinking skills 2) Clarity of writing and ability to express your ideas 3) Ability to use economic concepts and theories in the context of the news article.

Robert · Accepted Answer

Monopolies, Duo Poly and Oligopolies in Australia
Monopolies in Australia: 
According to current paper authored by Shadow Assistant Treasurer Dr Andrew 
Leigh and Adam Triggs find out, the well recognized be little of resistance in the finance and 
the hypermarket sectors is mirror by a comparable quantity of attentiveness in a numeral of 
another Australian industries, as well as newspapers, local airlines, fitness insurance, 
subdivision stores, internet facility workers, baby food. 
As per the journalists, above eighty percent of the marketplace is forced by the major 
4 companies in respectively these businesses. 
And at what time it originates to gasoline, movies, alcohol stores, broadcastings, 
bottled liquid and berry fluid, the biggest four suppliers controller a correspondingly healthy 
two-thirds of the marketplace.  
If attention is distinct by the 4 major companies’ regulatory one-third or additional of 
the marketplace, above semi the businesses in the Australian market are rigorous.
Duopoly in Australia: 
 Australia's have huge duopoly is accurately pathological Sonic and Primary.  
If we talk about Sonic Healthcare, through a marketplace contribute to of 43 percent, and 
Primary Health Care, by means of 34%t. 
On standard, Australians take delivery of 5 pathology tests in a year, nonetheless it's 
not the ill persons who are Sonic and Primary's clienteles nonetheless the mentioning medic. 
So that, in a sector wherever severe technological standards power constancy among 
facilities, these 2 corporations inspire surgeons the deep-rooted shaped method with monetary 
incentive. 
Pathology labs insincerity lawfully pay kickback to health centre for referrals but for 
the most part average to huge check-up centres need a freedom, from time to time 
immediately a combine of square metres, rented by a such set and devoted to the group of 
cases. Sonic and Primary, through their breathing competence and cost compensation, could 
afford many superior rentals than lesser operatives and so rentals rose drastically.
Oligopoly in Australia:

••000 vodafone AU 4G 12:59 pm 1 0 =1, = 3_Subject_Outline_Tri 2_2017 NM.pc r\l/1 Open with (n) Print 2. Individual Paper Assessment criteria Due: Week 6 Weighting: 15% Length: Maximum 1000 words...

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