3 The Telecommunications Regulatory Authority Tra Is The Uae S Independent Industry 2530696

3) The Telecommunications Regulatory Authority (TRA) is the UAE’s independent industry regulator. Since its launch in 1976, Etisalat has held a monopoly in the market. That changed in 2006 with the emergence of du, which was awarded a 20-year concession to operate fixed-line, wireless, internet and international telecoms services. Assume after the 20 years period, du license was terminated. You are required to –

a.Apply your understanding and concepts from microeconomics, to investigate and summarize the major characteristics of the above market form in the telecom industry.?

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b. Describe and analyze the economic and pricing policies that you would expect to find in this industry.?

c.Explain the profit maximization strategy of this market form with the help of a suitable graph.?

d. Also, write your policy recommendations for the healthy growth of the industry keeping customer interests and innovation in mind.?