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Question 1 Explain how the following industries practices price discrimination: movie theaters .
Question 2 Explain how the following industries practices price discrimination: airlines .
Question 3 How might advertising make markets less competitive? Use one piece of advertisement in Hong Kong to illustrate your idea.
Question 4 How might it make markets more competitive ? Use one piece of advertisement in Hong Kong to illustrate your idea.
Question 5 Normally Oligopoly can earn profit . Why? Illustrate w ith an example .
Question 6 A m onopolistic competitive firm cannot earn profit . Why? Illustrate with an example .
Question 7 Identify one activit y that generate s positive externalities . E xplain why this activity you identified generates the type of positive externality .
Question 8 Identify one activit y that generate s negative externalities. E xplain why this activity you identified generates the type of negative externality .
Word limit of each question: 100 to 120 words
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