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Price Mechanism and International Trade
1. Draw a supply and demand model to show the impact the removal of tariffs on imported medications.
2. Explain the impact this may have on the productive capacity for health care
3. Explain two positive and two negative impacts of such a policy
ABC's Four Corners put out this episode on Bunnings, which should help a lot with classrooms looking into Market structures, oligopolies, competition and the like.
From ABC:
Australians love Bunnings — it’s where we go for our weekend sausage sizzle and to fulfil our DIY dreams. But what if the store Australians
trust most is not as benign as it would have us believe? Bunnings has quietly become one of Australia’s most dominant and profitable
retailers, with rivals saying its market power matches Coles and Woolworths combined. Yet it faces none of the scrutiny of the big two
supermarkets. Critics also claim it’s a corporate predator systematically picking off independents, shutting down competition and abusing
its dominance with suppliers. For its part Bunnings insists it’s just another competitor in a crowded field.
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