digram to support answerQuestions:1. What are the key characteristics of a monopoly?discussion on monopoly ,introduce market structure and relevant assumption, explain how firm operate in this set up. 2. To what extent does Amazon have monopoly characteristics?reflect on the previous discussion and relate this to the case of amazon3. Analyse Amazon’s behavior with respect to its suppliers and its workers. Would it beable to behave in this way if it were a smaller company?consider discussion also think if amazon has monopolistic power in same market.4. Why is Amazon able to charge such low prices?Reflect on the points you raised in the previous question and present your analysis …5. Is there scope for regulating the behavior of Amazon?Critically discuss after consulting existing literatureGeneral points • Avoid writing a “report” with little or no economic content • Try to embed relevant economic concepts and theories to support your analysis (primarily focus on Chapter 5) • Use relevant diagram(s) to illustrate and further support your argument
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