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a) What do you understand about the behaviour of firms operating under monopolistic competition? In answering this question, as a minimum, you should discuss:
(b) Choose an industry where monopolistic competition prevails, illustrate and evaluate the behaviour of firms in the market. As a minimum, you should:
(c) Using suitable diagrams, illustrate and discuss the negative externalities arise from Adani Group's Carmichael coal mine located in Queensland's Galilee Basin. Explain the ways in which the market failure associated with coal mining can be addressed.
Additional marks:
Overall presentation of work, the use of graphs and the clarity of written expression
Evidence of research and appropriate use of referencing
Assessment Criteria
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