Demand-pull v Cost-push Inflation and Monopoly & Oligopoly Q3

Q.
a) Explain the following causes of inflation.

i. Demand-pull inflation. (5 marks)
ii. Cost-push inflation. (5 marks)

b) Explain the following terms in the context of market structure.

i. Monopoly. (5 marks)
ii. Oligopoly. (5 marks)

(20 marks, 2019 Q3)

A.

Ref:

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