Problem
1.1 Draw a graph which depicts long-run equilibrium of transnet
1.2 in your opinion , is it possible for trasnsnet to make economic loss in the short-run?,briefly motivate with the aid of a graph
1.3 Distiguish between natural and artificial monopolies
2. Compare transnet with a perfect competitor in terms of price output and profit.
3. Examine transnet in terms of the characteristics of a monopoly
4. Conduct research on the recent NERSA trends and answer the questions that follow
A.Give the full meaning of NERSA as well as the name of the current chairperson of the organisation
B. What percentage tariff increase has NERSA granted Eskom for the financial period 2016/2017
C. Briefly explain the demand curve for Eskom as well as the implication of the curve with regards to markets power
D. Monopolist usually makes economic profit in the long run. Explain why Eskom is not a profitable company recently. Motivate your aswer to the BHP Billiton 's contract with Eskom
E. What effect will the increase in electricity price have on the manufacturing industry's output.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.