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Tuk-tuks,three-wheeled motorised rickshaws, are driven in a number of countries. India is the largest producer of the vehicle. India's largest tuk-tuk producing firm faces competition from firms at home and from imported tuk- tuks. The industry is becoming more capital-intensive and competitive but is still some way from perfect competition
(a) Define 'capital-intensive'
(b) Explain two characteristics of perfect competition
(c) anaylze two reasons for higher productivity is important for the firm in reference to the text (d) Discuss weather consumers would benefit from Tuk Tuk industry being a monopoly
Sagot :
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