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Question: Analyse of the Australian Monopoly Industry with regards to Orange and Sydney Harbor. Answer: Evaluation The essence of the story The main issue discussed in this article is how both Orange and Sydney Harbour top prestige property pile in the Australian monopoly. The article posit that Orange has become the new blue for the monopoly industry players whereby the NSW country town have been voted as one of the most prestigious areas alongside Sydney Harbour. The latest version of the Australian monopoly puts both Sydney Harbour and Orange at the dark blue spots previously occupied by Mayfair and Park Lane in the initial board game. Both monopolies have been voted top of the prestige property (Browne, 2017). The stakeholders who are interested in the two monopolies are the 35,000 Australian monopoly players. These monopolies took part in voting the two NSW locations as top of the prestige property by picking them from forty different areas in the 3-week election. The participants collaborated between the board game and the tourism office for every state/territory hence providing destination short-list (Browne, 2017). The participants remained passionate regarding what they had to offer and hence voted with a lot of consistency. Chart 1 What it means to live in Sydney has changed dramatically in the last five years.Photo: Louise Kennerley The Economic Analysis The issue of how Orange and Sydney Harbour Monopolies have become the prestigious areas in Australian can be presented in terms of economic concepts and theories learned in class. The fact that these two monopolies have topped the list means that they will control the industry (Browne, 2017). In other words, they will dictate the prices in the market since they have created a sustained competitive edge relative to other areas. Thus, there will be a reduction in demands Mayfair and Park Lane that initially occupied the dark blue sports in the original board game. By being top of the prestige property pile, they will attract more players and hence make more revenue than there relative competitors that have already been edged (Browne, 2017). This is because both Orange and Sydney Harbour topped areas including Queenslands Gold and Whitsundays, Victorias Great Ocean Road, Australias Barossa Valley alongside Western Australias Broome hence taking such prime positions. The board game will, therefore, flourish in these two monopolies following the voting. By having these two states trumping the competition, the NSW has been reinstated as the leading place to live, work as well as enjoy hence better board game sales (Browne, 2017). The Sydneys less attractive aspects features in Chance cards and Community chest including being the penalties for being caught in the peak hour traffic alongside the escalating council rates (Khan Pearce, 2015). Nevertheless, with the new prime positions, the players in Orange and Sydney Harbour still have the opportunity to thrive by selling their State of Origin tickets on the online auction/winning the Melbourne Cup sweep. These will boost the sales of the Australian flavor to player tokens that entail the meat pie, the barbecue, the cricket bat, the kangaroo as well as kookaburra (Browne, 2017). Explain Your View The actions recommended to the key players in the industry include but not limited to maintain already trumped competition to ensure that NSW is permanently reinstated as the leading place to live, work as well as to enjoy (Browne, 2017). In doing this, specific actions that both Orange and Sydney Harbour should consider is to improve the less attractive aspects feature in the Chance cards and Community Chest (Carlton Perloff, 2015). In so doing, the penalties for being caught in peak hour traffic alongside the increase in council rates will be reduced hence making the areas even more attractive for the board game (Browne, 2017). Chart 2 Orange as it will appear in Australian Monopoly Another particular action that the players should focus on to succeed even amid the challenges noted above is to maximize on the opportunity of getting ahead via the Sale of players State of Origin tickets on the online auction or by winning the Melbourne Cup sweep. The policer makers should, therefore, focus on the above course of actions when making the policies that will facilitate fast accomplishment of the actions (Browne, 2017). Where the policy makers are able to grab the opportunity that make sure that players can effectively sell their State of Origin tickets on the online auction/winning a Melbourne Cup sweep, the noted Sydneys less attractive aspects feature in the Chance cards and Community Chest will be greatly mitigated. The result will be the increase sales hence more revenue which in turn leads to higher profitability (Bennett, Villa Stevens, 2014). Explain How The Above Analysis Supports Your Conclusion The analysis supports the conclusion drawn from this discussion that Orange and Sydney Harbour have created sustained competitive edge in the board game. It is, therefore, effective and appropriate to conclude that Orange and Sydney Harbour top prestige property pile in Australian monopoly. The analysis has shown that the two areas are the new blue for Australian monopoly players after being voted the countrys most prestigious locations (Leigh Triggs, 2016). Both Sydney Harbour and Orange have edged out the Mayfair and Park Lane by occupying the dark blue spots that were previously reserved for former two in the original board game (Foster, 2014). Thus, both Orange and Sydney Harbour have been voted top of the leading prestige property pile by thirty thousand Australian monopoly players (Bryman Bell, 2015). They have, therefore, trumped the competition and hence reinstated NSW as the leading place to live, work as well as enjoy. References Bennett, N. L., Villa, D., Stevens, C. (2014). U.S. Patent No. 8,747,215. Washington, DC: U.S. Patent and Trademark Office. Browne, R. (June 14 2017). Orange and Sydney Harbour top prestige property pile in Australian Monopoly . The Sydney Morning Herald , 1-3. https://www.smh.com.au/national/orange-and-sydney-harbour-top-prestige-property-pile-in-australian-monopoly-20170614-gwqqbf.html Bryman, A., Bell, E. (2015). Business research methods. Oxford University Press, USA. Carlton, D. W., Perloff, J. M. (2015). Modern industrial organization. Pearson Higher Ed. Foster, J. B. (2014). The theory of monopoly capitalism. NYU Press. Khan, A., Pearce, G. (2015). A study into the effects of a board game on flow in undergraduate business students. The International Journal of Management Education, 13(3), 193-201. Leigh, A., Triggs, A. (2016). Markets, monopolies and moguls: The relationship between inequality and competition. Australian Economic Review, 49(4), 389-412.