The Firm and Market Structures
It was my pleasure to meet colleagues and students from Universiti Teknologi MARA (UiTM) Cawangan Melaka, Malaysia, during a lecture session titled "The Firm and Market Structures: What It Is and How It Works in the Economy" on Thursday, 16 January 2025.
Other speakers in the session included Dr. Kazi Musa (Malaysia) and Dr. Shahzad Hussain (Pakistan). The session was moderated by Ms. Maizatul Saadiah Mohamad.
My presentation covered the concepts of monopoly and oligopoly, with a case study on the Indonesian aviation industry. We discussed the implications of market structures on the economy, particularly in the context of passengers and tourist destinations. During the session, we examined the gridlock on the highway to Ngurah Rai Airport in Bali caused by a surge of vehicles during the holiday season.
A special thanks to Ms. Maizatul Saadiah Mohamad for making this session possible.