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Macro-economic questions using example of event management industry

Number of Words : 2315

Number of References : 20

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.

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AKey : EE - 151

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