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MGTA03 SAQ's.docx

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School
University of Toronto Scarborough
Department
Management (MGT)
Course
MGTA01H3
Professor
Chris Bovaird
Semester
Winter

Description
Give an example of an oligopoly market. Explain and justify your choice by identifying at least four features of an oligopoly and showing how each feature is present in the market you identify. You must explain and justify your response. Sunny was finishing high school in Ontario. During grade 12, she had learned a little bit about different “Degrees of competition” one day, Sunny was talking to her guidance teacher about her choices of which university she might attend. “Mrs Singh” she asked her teacher “is the market for university education perfectly competitive, monopolistically competitive, an oligopoly or a monopoly?” “Well” her guidance teacher replied “it all depends....” Why did Mrs. Singh tell Sunny that “it all depends....”? What does it “depend” on? Henry is 55 yrs old and has recently been laid off. He worked as a chemist for many eyars w/
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