Task: In light of the above, you are required to research the following:
1. Distinguish between technical efficiency and allocative efficiency.
Use the two concepts of efficiency to compare a perfect market
structure with a monopoly.
2. Investigate the different forms of non-price competition strategies
used in a monopolistically competitive market.
3. Examine how companies colluded in South Africa. Explain the
effects of collusion on the South African economy.
4. Research the role and function of the Competition Commission and
Competition Tribunal in preventing restrictive business practices.
5. Evaluate the success of the Competition Policy in South Africa.
