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SUBMIT LATEST BY 22 DEC (printed)
@my room AP1 215

Turn the video into a report with these items:

1. Cover with name and title
2. Picture of group members
3. Some images of the scenes in the video
4. The lyrics
5. CD containing the music video and report soft copy.

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SUBMIT BY 18 DEC 2017 (printed)

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https://goo.gl/forms/p1LByMtQI18lemYi2

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●Monopoly
○Examples :
-A sole provider of a viable product or service
○Firms are free to enter into or exit from the industry at any time
○Nature of the product : no close substitutes for the good or service a monopoly produces
○Firm controls price or output/supply
○Barriers to entry :
-high barriers
-economies of scale
-government barriers

●Oligopoly
○Examples :

# data[].attributes.headline
RUSYAIDA HANNANMARKET STRUCTUREMONOPOLY•	Mexican tycoon Carlos Slim•	has absolute product differentiation because there are no other comparable goods or services.•	maximizes its profit by determining the point at which its marginal revenue equals its marginal cost and it can change the supply.•	Setting price is by determining quantity in order to demand the price desired by the firm (maximizes revenue)•	High barriers to dissuade the entry of any potential competitors.OLIGOPOLY•	prevent entry of new firms into the industry. •	Price rigidity refers to a situation in which price tends to stay fixed irrespective of changes in demand and supply conditions•	The firms under oligopoly may produce homogeneous or differentiated product.i. If the firms produce a homogeneous product, like cement or steel, the industry is called a pure or perfect oligopoly.ii. If the firms produce a differentiated product, like automobiles, the industry is called differentiated or imperfect oligopoly.•	Patents, requirement of large capital, control over crucial raw materials, etc, are some of the reasons, which prevent new firms from entering into industry.DUOPOLY•	Existence of only two sellers•	Independence•	most effective when the demand for the duopoly's product is not greatly affected by price. This is also why duopolies are more effective in the short term; over the long term, prices often become more elastic as consumers find substitutes for the product. •	Presence of monopoly elements: so long products are differentiated, the firms enjoy some monopoly power, as each product will have some loyal customers•	most commonly studied form of oligopoly due to its simplicity.MONOPSONY•	The firm or employer hires a large portion of the total employment of a certain type of labor.•	The mobility of labor is very much limited either geographically or in terms of skills of offer.•	The monopnist faces imperfect competition in the labor market but perfect competition in the product market. •	The single buyer faces a large number of workers who are unorganized or non-unionized.OLIGOPSONY•	happens in a market for inputs where numerous suppliers are competing to sell their product to a small number of (often large and powerful) buyers.•	There are many sellers but few buyers.

# data[].attributes.subject
RUSYAIDA HANNANMARKET STRUCTUREMONOPOLY•	Mexican tycoon Carlos Slim•	has absolute product differentiation because there are no other comparable goods or services.•	maximizes its profit by determining the point at which its marginal revenue equals its marginal cost and it can change the supply.•	Setting price is by determining quantity in order to demand the price desired by the firm (maximizes revenue)•	High barriers to dissuade the entry of any potential competitors.OLIGOPOLY•	prevent entry of new firms into the industry. •	Price rigidity refers to a situation in which price tends to stay fixed irrespective of changes in demand and supply conditions•	The firms under oligopoly may produce homogeneous or differentiated product.i. If the firms produce a homogeneous product, like cement or steel, the industry is called a pure or perfect oligopoly.ii. If the firms produce a differentiated product, like automobiles, the industry is called differentiated or imperfect oligopoly.•	Patents, requirement of large capital, control over crucial raw materials, etc, are some of the reasons, which prevent new firms from entering into industry.DUOPOLY•	Existence of only two sellers•	Independence•	most effective when the demand for the duopoly's product is not greatly affected by price. This is also why duopolies are more effective in the short term; over the long term, prices often become more elastic as consumers find substitutes for the product. •	Presence of monopoly elements: so long products are differentiated, the firms enjoy some monopoly power, as each product will have some loyal customers•	most commonly studied form of oligopoly due to its simplicity.MONOPSONY•	The firm or employer hires a large portion of the total employment of a certain type of labor.•	The mobility of labor is very much limited either geographically or in terms of skills of offer.•	The monopnist faces imperfect competition in the labor market but perfect competition in the product market. •	The single buyer faces a large number of workers who are unorganized or non-unionized.OLIGOPSONY•	happens in a market for inputs where numerous suppliers are competing to sell their product to a small number of (often large and powerful) buyers.•	There are many sellers but few buyers.

# data[].attributes.headline
HANA KAMALIAH BINTI MOHD HAZLAN (2017655022)

# data[].attributes.subject
HANA KAMALIAH BINTI MOHD HAZLAN (2017655022)

# data[].attributes.headline
ILYA AMIRAH BINTI ISMAIL ALJUHARI(2017654936)

# data[].attributes.subject
ILYA AMIRAH BINTI ISMAIL ALJUHARI(2017654936)

# data[].attributes.headline
MUHAMMAD FARIS MUQRI BIN NOORSHAM (2017654

# data[].attributes.subject
MUHAMMAD FARIS MUQRI BIN NOORSHAM (2017654

# data[].attributes.headline
SITI FATIMAH BINTI SUFFIAN SAHURI(2017654694)

# data[].attributes.subject
SITI FATIMAH BINTI SUFFIAN SAHURI(2017654694)

# data[].attributes.attachment_link.title
NURUL KHAIRINA KAMARUL RAHIM (2017654906) Market structure

# data[].attributes.headline
HARIS DANIAL BIN MOHD MAKHZAN(2017654942)

# data[].attributes.subject
HARIS DANIAL BIN MOHD MAKHZAN(2017654942)

# data[].attributes.headline
MUHAMMAD AFIQ ADLAN BIN ABDUL HARIS NASUTION (2017654794)

# data[].attributes.subject
MUHAMMAD AFIQ ADLAN BIN ABDUL HARIS NASUTION (2017654794)

# data[].attributes.headline
NUR'AININ FARHAH BINTI JAMALUDIN (2017655034)

# data[].attributes.subject
NUR'AININ FARHAH BINTI JAMALUDIN (2017655034)

# data[].attributes.body
(2017654856)

# data[].attributes.headline
Nadia Umairah Binti Mohd Hellmy (2017655106)

# data[].attributes.subject
Nadia Umairah Binti Mohd Hellmy (2017655106)

# data[].attributes.body
Monopoly
○Examples :
-A sole provider of a viable product or service
○Firms are free to enter into or exit from the industry at any time
○Nature of the product : no close substitutes for the good or service a monopoly produces
○Firm controls price or output/supply
○Barriers to entry :
-high barriers
-economies of scale
-government barriers

●Oligopoly
○Example :National mass media and news outlets
○ Market structure containing a large number of relatively small firms, with relative freedom of entry and exit.
○Nature of product : If the firms product homogeneous product, it becomes pure oligopoly. The firms with product differentiation constitute impure oligopoly.
○A few sellers supply a sizable portion of products in the market.
-They exert some control overprice, but because their products are similar, when one company lowers prices, the others follow.
○Entry barriers are obstacles that stop or prevent the entrance of a firm in a specific market.
-It is associated with the situation in which a firm wants to enter a market due to high profits or increasing demand but cannot do so because of these barriers.

OLIGOPSONY
• Example:this is market in which there are only a few large buyers for service.
• Have relative freedom of entry into and exit out of the industry,and possess extensive knowledge
• Nature of the product: small number of firms has the large majority of market share.
• Firm controls price or output: oligopsony tends to be just as prevalent in the real world. In fact, firms operating as oligopoly in an output market often operate as oligopsony in an input market.
• Many oligopsonistic industries tend to keep the prices they pay relatively constant, preferring to compete in ways that do not involve changing the price.
• Barriers to entry:
-patents
-resource ownership
- government franchises
- start-up cost
- brand name recognition
- decreasing average costs.

Duopoly:
examples: Visa and Mastercard
- free to enter the market according to the economic situation
-presence of monopoly elements so long the products are differentiated, the firms can enjoy some monopoly power
-the firms controls over supply
-the cournot duopoly, the price is based on the quantity of items produced, the bertrand duopoly, the two companies compete on price
-durability of capital

Monopsony
ex: A monopsony occurs when a firm has market power in employing factors of production (e.g. labour)
i. Freedom of entry and exit
have relative freedom of entry into and exit out of the industry
ii.Nature of the product (identical or differentiated)
single firms has market power in employing its factors of production. Acts as a sole purchaser for multiple sellers.

iii. control over supply
seller employer controls an entire labor markets. Example, all the tire companies and rubber companies would compete with each other to win the auto manufacturers business.

iv.control over price
Buyers and sellers exert influence over prices.

v.Barriers to entry
A monopsony often acquires and generally maintains single buyer status due to restrictions on the entry of other buyers into the market.

# data[].attributes.body
(2017654876)

# data[].attributes.body
Monopoly
○Examples :
-A sole provider of a viable product or service
○Firms are free to enter into or exit from the industry at any time
○Nature of the product : no close substitutes for the good or service a monopoly produces
○Firm controls price or output/supply
○Barriers to entry :
-high barriers
-economies of scale
-government barriers

●Oligopoly
○Example :National mass media and news outlets
○ Market structure containing a large number of relatively small firms, with relative freedom of entry and exit.
○Nature of product : If the firms product homogeneous product, it becomes pure oligopoly. The firms with product differentiation constitute impure oligopoly.
○A few sellers supply a sizable portion of products in the market.
-They exert some control overprice, but because their products are similar, when one company lowers prices, the others follow.
○Entry barriers are obstacles that stop or prevent the entrance of a firm in a specific market.
-It is associated with the situation in which a firm wants to enter a market due to high profits or increasing demand but cannot do so because of these barriers.

OLIGOPSONY
• Example:this is market in which there are only a few large buyers for service.
• Have relative freedom of entry into and exit out of the industry,and possess extensive knowledge
• Nature of the product: small number of firms has the large majority of market share.
• Firm controls price or output: oligopsony tends to be just as prevalent in the real world. In fact, firms operating as oligopoly in an output market often operate as oligopsony in an input market.
• Many oligopsonistic industries tend to keep the prices they pay relatively constant, preferring to compete in ways that do not involve changing the price.
• Barriers to entry:
-patents
-resource ownership
- government franchises
- start-up cost
- brand name recognition
- decreasing average costs.

Duopoly:
examples: Visa and Mastercard
- free to enter the market according to the economic situation
-presence of monopoly elements so long the products are differentiated, the firms can enjoy some monopoly power
-the firms controls over supply
-the cournot duopoly, the price is based on the quantity of items produced, the bertrand duopoly, the two companies compete on price
-durability of capital

Monopsony
ex: A monopsony occurs when a firm has market power in employing factors of production (e.g. labour)
i. Freedom of entry and exit
have relative freedom of entry into and exit out of the industry
ii.Nature of the product (identical or differentiated)
single firms has market power in employing its factors of production. Acts as a sole purchaser for multiple sellers.

iii. control over supply
seller employer controls an entire labor markets. Example, all the tire companies and rubber companies would compete with each other to win the auto manufacturers business.

iv.control over price
Buyers and sellers exert influence over prices.

v.Barriers to entry
A monopsony often acquires and generally maintains single buyer status due to restrictions on the entry of other buyers into the market.

# data[].attributes.headline
Anis Izwa Binti Mohd Salleh (2017654776)

# data[].attributes.subject
Anis Izwa Binti Mohd Salleh (2017654776)

# data[].attributes.body
2017655052

# data[].attributes.headline
MUHAMMAD DANIAL BIN MOHD FADHLI(2017654856)

# data[].attributes.subject
MUHAMMAD DANIAL BIN MOHD FADHLI(2017654856)

# data[].attributes.body
Monopoly
○Examples : 
-A sole provider of a viable product or service
○Firms are free to enter into or exit from the industry at any time
○Nature of the product : no close substitutes for the good or service a monopoly produces
○Firm controls price or output/supply
○Barriers to entry : 
-high barriers
-economies of scale
-government barriers


●Oligopoly
○Example :National mass media and news outlets
○ Market structure containing a large number of relatively small firms, with relative freedom of entry and exit. 
○Nature of product : If the firms product homogeneous product, it becomes pure oligopoly. The firms with product differentiation constitute impure oligopoly.
○A few sellers supply a sizable portion of products in the market. 
-They exert some control overprice, but because their products are similar, when one company lowers prices, the others follow. 
○Entry barriers are obstacles that stop or prevent the entrance of a firm in a specific market. 
-It is associated with the situation in which a firm wants to enter a market due to high profits or increasing demand but cannot do so because of these barriers.

OLIGOPSONY
•	Example:this is market in which there are only a few large buyers for service.
•	Have relative freedom of entry into and exit out of the industry,and possess extensive knowledge
•	Nature of the product: small number of firms has the large majority of market share.
•	Firm controls price or output: oligopsony tends to be just as prevalent in the real world. In fact, firms operating as oligopoly in an output market often operate as oligopsony in an input market.
•	Many oligopsonistic industries tend to keep the prices they pay relatively constant, preferring to compete in ways that do not involve changing the price.
•	Barriers to entry: 
-patents
-resource ownership
- government franchises
- start-up cost
- brand name recognition
- decreasing average costs.

Duopoly:
examples: Visa and Mastercard
- free to enter the market according to the economic situation
-presence of monopoly elements so long the products are differentiated, the firms can enjoy some monopoly power
-the firms controls over supply
-the cournot duopoly, the price is based on the quantity of items produced, the bertrand duopoly, the two companies compete on price
-durability of capital

Monopsony
ex: A monopsony occurs when a firm has market power in employing factors of production (e.g. labour)
i. Freedom of entry and exit
have relative freedom of entry into and exit out of the industry
ii.Nature of the product (identical or differentiated)
single firms has market power in employing its factors of production. Acts as a sole purchaser for multiple sellers.

iii. control over supply
seller employer controls an entire labor markets. Example, all the tire companies and rubber companies would compete with each other to win the auto manufacturers business.

iv.control over price
Buyers and sellers exert influence over prices.

v.Barriers to entry
A monopsony often acquires and generally maintains single buyer status due to restrictions on the entry of other buyers into the market.

# data[].attributes.headline
MUHAMMAD DANIAL BIN MOHD FADHLI (2017654856)

# data[].attributes.subject
MUHAMMAD DANIAL BIN MOHD FADHLI (2017654856)

# data[].attributes.body
2017654886

# data[].attributes.body
2017654754

# data[].attributes.body
2017655114

# data[].attributes.body
2017654934

# data[].attributes.body
2017654982

# data[].attributes.body
Monopoly
○Examples :
-A sole provider of a viable product or service
○Firms are free to enter into or exit from the industry at any time
○Nature of the product : no close substitutes for the good or service a monopoly produces
○Firm controls price or output/supply
○Barriers to entry :
-high barriers
-economies of scale
-government barriers

●Oligopoly
○Example :National mass media and news outlets
○ Market structure containing a large number of relatively small firms, with relative freedom of entry and exit.
○Nature of product : If the firms product homogeneous product, it becomes pure oligopoly. The firms with product differentiation constitute impure oligopoly.
○A few sellers supply a sizable portion of products in the market.
-They exert some control overprice, but because their products are similar, when one company lowers prices, the others follow.
○Entry barriers are obstacles that stop or prevent the entrance of a firm in a specific market.
-It is associated with the situation in which a firm wants to enter a market due to high profits or increasing demand but cannot do so because of these barriers.

OLIGOPSONY
• Example:this is market in which there are only a few large buyers for service.
• Have relative freedom of entry into and exit out of the industry,and possess extensive knowledge
• Nature of the product: small number of firms has the large majority of market share.
• Firm controls price or output: oligopsony tends to be just as prevalent in the real world. In fact, firms operating as oligopoly in an output market often operate as oligopsony in an input market.
• Many oligopsonistic industries tend to keep the prices they pay relatively constant, preferring to compete in ways that do not involve changing the price.
• Barriers to entry:
-patents
-resource ownership
- government franchises
- start-up cost
- brand name recognition
- decreasing average costs.

Duopoly:
examples: Visa and Mastercard
- free to enter the market according to the economic situation
-presence of monopoly elements so long the products are differentiated, the firms can enjoy some monopoly power
-the firms controls over supply
-the cournot duopoly, the price is based on the quantity of items produced, the bertrand duopoly, the two companies compete on price
-durability of capital

Monopsony
ex: A monopsony occurs when a firm has market power in employing factors of production (e.g. labour)
i. Freedom of entry and exit
have relative freedom of entry into and exit out of the industry
ii.Nature of the product (identical or differentiated)
single firms has market power in employing its factors of production. Acts as a sole purchaser for multiple sellers.

iii. control over supply
seller employer controls an entire labor markets. Example, all the tire companies and rubber companies would compete with each other to win the auto manufacturers business.

iv.control over price
Buyers and sellers exert influence over prices.

v.Barriers to entry
A monopsony often acquires and generally maintains single buyer status due to restrictions on the entry of other buyers into the market.

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QUESTION 2
THE RELATIONSHIP BETWEEN ECONOMY AND CONSTRUCTION

# data[].attributes.headline
HARIS DANIAL BIN MOHD MAKHZAN(2017654942)

# data[].attributes.subject
HARIS DANIAL BIN MOHD MAKHZAN(2017654942)

# data[].attributes.headline
MUHAMMAD AFIQ ADLAN BIN ABDUL HARIS NASUTION (2017654794)

# data[].attributes.subject
MUHAMMAD AFIQ ADLAN BIN ABDUL HARIS NASUTION (2017654794)

# data[].attributes.headline
NUR'AININ FARHAH BINTI JAMALUDIN (2017655034)

# data[].attributes.subject
NUR'AININ FARHAH BINTI JAMALUDIN (2017655034)

# data[].attributes.headline
HANA KAMALIAH BINTI  OHD HAZLAN (2017655022)

# data[].attributes.subject
HANA KAMALIAH BINTI  OHD HAZLAN (2017655022)

# data[].attributes.headline
RUSYAIDA HANNAN BT HASBULLAH (2017654812)

# data[].attributes.subject
RUSYAIDA HANNAN BT HASBULLAH (2017654812)

# data[].attributes.headline
NURUL KHAIRINA KAMARUL RAHIM (2017654906)

# data[].attributes.subject
NURUL KHAIRINA KAMARUL RAHIM (2017654906)

# data[].attributes.headline
HANA KAMALIAH BINTI MOHD HAZLAN (2017655022

# data[].attributes.subject
HANA KAMALIAH BINTI MOHD HAZLAN (2017655022

# data[].attributes.headline
SITI FATIMAH BINTI SUFFIAN SAHURI (2017654694

# data[].attributes.subject
SITI FATIMAH BINTI SUFFIAN SAHURI (2017654694

# data[].attributes.headline
ILYA AMIRAH BINTI ISMAIL ALJUHARI (2017654936)

# data[].attributes.subject
ILYA AMIRAH BINTI ISMAIL ALJUHARI (2017654936)

# data[].attributes.headline
MUHAMMAD FARIS MUQRI BIN NOORSHAM (2017654968)

# data[].attributes.subject
MUHAMMAD FARIS MUQRI BIN NOORSHAM (2017654968)

# data[].attributes.body
2017654934

# data[].attributes.headline
Nadia umairah binti mohd hellmy (2017655106)

# data[].attributes.subject
Nadia umairah binti mohd hellmy (2017655106)

# data[].attributes.body
2017654886

# data[].attributes.headline
MUHAMMAD DANIAL BIN MOHD FADHLI (2017654856)

# data[].attributes.subject
MUHAMMAD DANIAL BIN MOHD FADHLI (2017654856)

# data[].attributes.body
2017654982

# data[].attributes.body
2017654754