Essay format if necessary, use graphs, numerical examples or real

life cases

1. Monopoly power can be sustained through entry barriers. Discuss

different types of barrier."
2. What is the meaning of industry in economics? Discuss different
criteria used by economists to classify industries- key criteria and
other criteria.
3. What factors influence the pricing decision of a business firm?
What are the objectives (benefits) of price discrimination? What are
the requirements for the successful price discrimination.
4. Discuss the concept of economies of scale. The implication of
economies of scale on cost and pricing. The sources of economies of
scale. Why ES may not apply automatically to all industries