Contents

• This assignment answers the following question –
• Describe market failure in relation to lack of competition. Use the demand and supply model and narrative to explain your answer.
• Provide a brief history of the ACCC (Australian Competition and Consumer Commission) and describe its main roles.
• Provide a brief summary of a recent case/action taken by ACCC in relation to its anti -competition regulations.
• Does the event management industry suffer from a lack of competition? Justify your explanations using economic theory i.e. discuss factors that lead to anti competitive behavior and whether these exist in your chosen industry.
• In an event of an economic downturn, consider products or services that your industry (event management) could provide that may expand during a recession. Discuss these products or services and provide economic explanations as to why these products/ services may prosper during a recession.
• In an event of an economic downturn, consider products or services that your industry( event management) could provide that may expand during a recession. Discuss these products or services and provide economic explanations as to why these products/ services may prosper during a recession.

Description

Not available