This is my assignment for Prices and Markets. I attach the file as referencewhere the information has to be writtenfrom it.
Assessment Task 2b – Industry Project into the Market for Fossil Fuel Electricity Generation in Australia.
1. The Market
1.1 Define the market. In your answer, you will need to identify the buyers, sellers, the product exchanged and the sources of electricity in this market. You will also need to briefly explain how the wholesale electricity market operates. (maximum 200 words).
1.1 Identify the market structure of the industry. Explain how you reached your decision using economic theory and facts. (maximum 200 words)
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