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261215
A202 BEEI3053
Latihan Perbincangan 1
What is the main factor taken into consideration in defining the market.
Market is a means by which goods and services are exchanged as a result of the fact that
buyers and sellers have a direct or intermediary contact. There are two main factors taken into
consideration in defining the market which is the number of firms and the nature of product
differentiation. Different combinations of these characteristics give rise to different market
structures. For example, competitive markets in which there many sellers, to oligopoly markets
in which there are just a few sellers, to monopoly markets in which there is just one seller.
However, markets in which firms sell identical or nearly identical products to differentiated
products that consumers view as distinctive.
LOO CHIN YEE
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b) Berdasarkan Jadual 2, senaraikan firma logistik yang bersaing dalam setiap segmen pasaran
mengikut syer pasaran dari yang terbesar hingga yang terkecil.
Based on Table 2, list the logistics firms that compete in every segment of the market
according to the market share from the largest to the smallest.
Therefore, these firms have a influence in the market power since they are classified as oligopoly
market.
However, NYL Logistics has a large share (dominant) of the logistics market but competes
against 14 logistics firms, each offering identical services.
Logistics market of structure at Mika country is considered as differentiated products oligopoly
markets. Because small number of firms provided services that are substitutes for each other but
also differ from each other in significant way, including charges per trips and number of trips.