Question 1 Explain how the following industries practices price discrimination: movie theaters . Question 2 Explain how the following industries...

Question 1 Explain how the following industries practices price discrimination: movie theaters .

Question 2 Explain how the following industries practices price discrimination: airlines .

Question 3 How might advertising make markets less competitive? Use one piece of advertisement in Hong Kong to illustrate your idea.

Question 4 How might it make markets more competitive ? Use one piece of advertisement in Hong Kong to illustrate your idea.

Question 5 Normally Oligopoly can earn profit . Why? Illustrate w ith an example .

Question 6 A m onopolistic competitive firm cannot earn profit . Why? Illustrate with an example .

Question 7 Identify one activit y that generate s positive externalities . E xplain why this activity you identified generates the type of positive externality .

Question 8 Identify one activit y that generate s negative externalities. E xplain why this activity you identified generates the type of negative externality .

Word limit of each question: 100 to 120 words