BM5007 Microeconomics

A written report of not more than 8pages including diagrams and appendices–Arial Font size 12 with single spacing must be submitted by each learner. The project report should consist of the following parts: 1.Cover PageInclude a cover page with title, name and admission number2.Requirements(a)Explain the demand and supply of telecommunication market in Singapore before and after the entry of TPG. Please use market equilibrium diagram to help in your explanation. Explain the impact on the industry playersand consumers. (b)As a newcomer to a matured industry, suggest how TPG can organise and get its necessary resources (factors of production) tooperate inan Oligopoly market structure.(c)As an Oligopoly market structure, suggesthow TPG can compete in this industry. (d)Analyse the impact on consumers if the government decided to merge all players into a single firm serving Singapore market