Using models and theories of either (1) the market or (2) market failure and government intervention perform a microeconomic analysis of price gouging in the fuel market just as business people and policymakers do. You will be assessed on what you learnt in the course by correctly choosing and applying definitions, methods and theories from lectures and tutorials 2-6. As this is a microeconomics assignment you shouldn't write a general or journalistic report or use concepts from other courses not discussed in this course, including macroeconomics.
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