Assignment:
Outline the trend in sales by the major companies who supply motor cars in the UK over the last 5 to10 years, and analyse the structure of the UK motor car industry. To do this, you should;
1. identify the main companies involved and their market shares.
2. explain what type of market structure exists, with supporting evidence.
3. explain, using economic diagrams, how price and output is determined by a typical firm (ie: one motor car company) which is operating in the market.
(Note that your market will be imperfect competition, not perfect competition. Thus, you cannot use supply and demand diagrams in this question).