Cinema-+Abigail,+Ryan,+Hweemin,+Jovina,+Evonne

Cinema Industry à **oligopoly **. **__Features: ( need elaboration. rather than just listing the points from the lecture notes.) __** a) Few large suppliers In Singapore context, suppliers in cinema industry are GV(Golden Village), WE Cinemas by [|Eng Wah Organization], Cathay, Filmgarde, Shaw, Yangtze and Rex.  b) Barriers to entry c) Products can be homogenous/differentiated. All firms offer approximately same kinds of movies. They may differentiate themselves in terms of packages.  Examples: bundling of movie tickets with popcorn and drinks at a cheaper price, different visual and sound effects.        **__Behaviour:__**  a) Non-price competition Examples: membership cards, 3rd degree price discrimination. (explain what is meant by 3rd degree price discrimination. what's the aim of non-price competition. is these all?)  **__Performance: (find evidences/articles of firms making profits/ losses? anyone shutting down?) __** Profitable in LR as supernormal profits can be earned by firms due to barriers to entry.

**Good job thus far. But lacking analysis. You pointed out the various pts without elaboration. **
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