Tough competition in the mobile phone market
1. Explain the type of market structure for mobile phone sellers.
(Oligopoly) (8 lines)
2. As a business student explain two factors that you might
recommend to iPhone to help them in increasing their profit. 6-7 lines
Eg. Promotion/advertisement etc.
3. In the long run, what will happen to profit in the mobile phone market? Explain fully (Will profit become zero or not). 8-10 lines
Explain 2 scare resources that affect Mobile phone manufacturers.
Eg. labor, land, capital (8 lines)
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