100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Bafb1023 Microeconomics Topic 6 Market Structure (Monopoly) With Explained Answers 100% Correct Download To Score A $10.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Bafb1023
  4.  
  5. Bafb1023

Exam (elaborations)

Bafb1023 Microeconomics Topic 6 Market Structure (Monopoly) With Explained Answers 100% Correct Download To Score A
 1 view  0 purchase
  • Course
  • Bafb1023
  • Institution
  • Bafb1023

Bafb1023 Microeconomics Topic 6 Market Structure (Monopoly) With Explained Answers 100% Correct Download To Score A

Preview 1 out of 3  pages

Document information

  • April 10, 2022
  • 3
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

Subjects

  • bafb1023 microeconomics topic 6 market structure monopoly with explained answers 100 correct download to score a

Written for

  • Bafb1023
All documents for this subject (1)

Seller

avatar-seller
jameswest

Reviews received

Content preview

Bafb1023
Microeconomics
Topic 6
Market Structure (Monopoly) With
Explained Answers 100% Correct
Download To Score A




BAFB1023
MICROECONOMICS
TOPIC 6
MARKET STRUCTURE (MONOPOLY)




Question 1
Tenaga National Berhad (TNB) is the only electric utility company in
Malaysia. It serves over seven million customers throughout Peninsular
Malaysia and also the eastern state of Sabah through Sabah Electricity
Sdn Bhd.


a) Which market structure is TNB is operating in? Why?


The market structure TNB operating is Monopoly. It is the sole provider of electricity to
consumers across the entire country, both on and off the main peninsular. Small, independent
suppliers of electricity sell their output to TNB, which in turn distributes it amongst the
properties in Malaysia.



b) What are the TWO (2) possible barriers to entry that prevent other
companies from entering the market in which TNB operates?


i) Legal barrier, TNB has obtained the patent or license to operate in Malaysia market.
ii) Natural barrier, TNB can access to limited natural resources or raw materia

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller jameswest. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83430 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart