Give an introduction of the case with a clear description of the characteristics of the local telecommunication retail market: Microeconomics Assignment, NTU

Give an introduction of the case with a clear description of the characteristics of the local telecommunication retail market. The introduction should also include some analysis of the demand, supply, and elasticity concepts of the telecommunication retail market before the entry of MVNOs.
Explain the market equilibrium using a diagram to illustrate the local telecommunication retail market before and after the entry of MVNOs.
Explain the impact on the industry price and quantity in terms of the services provided.
Describe the various production factors and costs for MyRepublic and suggest how MyRepublic can organize its resources to operate in the market.
Suggest how MyRepublic can compete in the Singapore market based on the market structure for the telecommunication retail market.
Analyse the impact on consumers if the government decided to merge all telecommunication retail firms into a single firm serving the Singapore market.

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