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Bus3003 – Economics Assignment Name: Wong Ka HoProgram Code/ Class: BA124002/1BStudent I.D. Number: 130773697Homework Title: BUS3003 Economics – Assignment 2013/14Question 1a)Price(P, $’000)Quantity (minutes)Total Revenue (TR, $’000)Marginal revenue (MR, $’000)Total cost (TC, $’000)Marginal cost (MR, $’000)Average total cost (ATC, $’000 per minutes)901009000/5000/508012096003055002545.87014098001057001040.7601609600-1060001537.5501809800-3064002035.7b) The marketing structure of the television broadcasting industry is Oligopoly. The reason why it.