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;
identify the main companies involved and their market shares.
? explain what type of market structure exists, with supporting evidence. ?
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.
