There are several major oligopolistic in the Malaysia that have plagued the Malaysian people throughout most of
this era. Yet despite their professed opposition to oligopolistic, the Malaysian people simply cannot bring themselves to end them. But end them we must — for they are among the most tyrannical and destructive aspects of the Malaysian welfare state, regulated-economy way of life.
Based on the above statement, describe in detail the following topics:
1. What is Oligopoly in the context of economics?
2. Who are the Oligopolistic in Malaysia?
3. Describe the nature of business that made them "Oligopoly".
4. Describe the arguments for and against Oligopoly.
5. What are the remedies to cushion the impact created by Oligopoly?
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