What type of market structure is a grocery store?
What type of market structure is a grocery store? Grocery stores, gas stations, restaurants are all examples of firms in markets which approximate monopolistic competition. Is the supermarket industry an oligopoly? The leading supermarkets in the UK commonly are known as the ‘big 4’, Tesco, Sainsbury, Asda and Morrisons. (oppapers, n.d) It is not doubt … Continue reading What type of market structure is a grocery store?
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