Define and explain how perfect competition or a highly competitive markets impact the supply of goods and services?

Production decisions in UK manufacturing between 2010 to 2019

Task 1: Answer the following question

“When and why do inputs and costs impact the production decisions related to the supply of goods and services? Explain these economic concepts using examples from within the UK economy between 2010 and 2019”

Task 2: Answer the following question

“Define and explain how perfect competition or a highly competitive markets impact the supply of goods and services? Explain these economic concepts applied to a specific highly competitive UK-based industry between 2010 and 2019”.

Have attached the slides for the classes where the information might help, the assignment instructions (the sources are really specific) and also an assessment prep with information.If you could use relevant graphs and images from the approved sources would be great.

Any questions please message me here. Many thanks!