MBA608
BUSINESS ECONOMICS
ASSIGNMENT 1

Microeconomics (100 marks)
Answer the following four questions. (Each question carries 25 marks)

Question 1:
Since the recent Great Recession of 2007-2009, there has been increasing disillusionment with the free market system. Critically analyze the view that the free market system is the best and only realistic alternative for determining the allocation of resources in an economy.

Question 2:
Evaluate the economic efficiency of different market structures and their effect on consumers. (To answer this question, you must first explain what economic efficiency is and distinguish between the different types of market structures.

Question 3:
Examine the effects on businesses and the economy of government intervention in labor markets through the use of minimum wage laws and regulations that make it more difficult to lay off workers. In your answer, cite specific examples

of

such

laws

and

regulations

in

a

country

or

countries

of

your

choice.

Question 4:
Examine the possible anticompetitive effects of mergers and acquisitions and evaluate the effectiveness of existing regulations aimed to reduce anticompetitive practices. (For this answer, you may choose to evaluate existing regulations in your country or area. If your country does not have such regulations, you should identify and evaluate the regulations used by other countries in the European Union or the USA.)
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YOU ARE REQUESTED TO WRITE AND SUBMIT A WORD DOCUMENT FILE, WHICH WILL INCLUDE
YOUR ANSWERS TO THE QUESTIONS.

Assignment Specifics:
 This is an INDIVIDUAL piece of work.
 This assignment counts 40% towards your final grade.
 Your report should be grounded in relevant theory.
 Reference all sources appropriately, using the Harvard Referencing System.
 The word limit of your report is 2000 (minimum) and 2500 (maximum) words.
 Use Times Roman pt 12, with 1½ or double spacing.
 Pages MUST be numbered.
 Headings and sub-headings should be clear and visible.
 The text should flow smoothly, with each section leading naturally and logically to the next.
 Please submit your assignment by the end of Week 4.
 Late submissions will not be accepted.

GOOD LUCK! 

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