Question: Examine market structures in Ireland, examining and evaluating examples of perfect competition, imperfect competition, monopolies, and oligopolies.
Your answer should include the following elements:
1. Brief Introduction
2. Monopoly
- Theory and Characteristics of Monopoly Markets
- An example or Case Study of Monopol;y in the Irish Market
- Discussion of the example and of the extent to which it does or does not conform to the theory.
3. Oligopoly
- Theory and Characteristics of Oligopoly Markets
- An example or Case Study of Oligopoly Market
- Discussion of the example and of the extent to which it does or does not conform to the theory.
4. Perfect Competition
- Theory and Characteristics of Perfect Competition
- An example or Case Study of a market with Perfect Competition
- Discussion of the example and of the extent to which it does or does not conform to the theory.
5. Imperfect Competition
- Theory and Characteristics of Imperfect Competition
- An example or Case Study of a market with Imperfect Competition
- Discussion of the example of a successful brand that could be seen as an example of imperfect competition and the extent to which it does or does not conform to the theory.
6. Brief Conclusion
