Assignment task:
The Australian mobile market is dominated by three major mobile network operators: Telstra, Optus and Vodafone (VHA). These were able to offer his LTE services on a wholesale basis, thus facilitating the growth of the LTE sector.
Australia also has a sizeable number of Mobile Virtual Network Operators (MVNOs).
These companies buy wholesale mobile services from MNOs, offer services under their own brand, and typically provide their own billing and customer support. Major MVNOs in Australia include Amaysim, Kogan Mobile, Aldi Mobile, Ovo Mobile, Boost Mobile, Lebara Mobile and Virgin Mobile.
The Australian mobile network operator continues to roll out 5G, laying the groundwork for next-generation networks, and developing and enhancing its existing 4G network on an upgrade path to 5G.
All three Australian mobile operators now invest billions of dollars annually in their networks to attract new customers and retain existing ones. Consumers are increasingly turning to mobile communications to meet their broadband needs.
The Australian mobile market is on the cusp of a major comeback after a fall due to the coronavirus pandemic. His analyst firm GlobalData has released a report that forecasts that the Australian mobile phone market will grow 15.4% by 2025, with sales reaching her $14.9 billion.
Growth drivers include both mobile voice and data services. The report also projects modest growth in fixed-line revenues through 2025.
Q1. Research the recent history of factors affecting the nature/characteristics of Australian mobile marked, This should include:
a. Factors which have affected quantity of demand (i.e. the closeness of substitute, existence of substitute or complement of the products, demand elasticity etc.)
b. Factors which have affected quantity of supply (i.e. input price of production, competition in Australian mobile market, technological development etc.)
c. Type of markets (i.e. perfect competition, monopoly, monopolistic and oligopoly) and how this influence pricing decision.
d. How do the Ukrainian-Russian war and COVID-19 specifically affect Australian mobile market?
e. Government interventions such as tax, budget policy, regulation and the impact of Australian mobile market on market conditions.
f. How Australian mobile market can contribute to GDP (i.e. Consumption, Investment. Government Spending and Net export).
Q2. Graphically represent how any factor above has changed Australian mobile market conditions including price