Market Structure Of The Uk Supermarket Sector - 1527 Words

INTRODUCTION: Second part of this report will evaluate arguments and present conclusions about the UK supermarket sector being described as oligopolistic and how oligopolistic markets often suffer from collusion. This report will present findings if UK supermarket sector is oligopolistic or otherwise. 2.0 FINDINGS: Market structures: Market structures are classified with regards to the competition – either their presence or absence. There are different types of market structures: perfect competition, monopolistic competition, oligopoly and monopoly. The characteristics of the product or service and the number of suppliers determine the market structure. This report will mainly focus on oligopoly market structure. What is perfect competition? In perfect competition market structure there are no barriers to entry into or exit out of the industry and companies produce identical units of output that are not branded. By looking at these two key features, it can be determined that UK supermarkets are not operating in that market structure. What is monopolistic competition? Many small companies operate in monopolistic competition market structure, including independently owned and operated high-street stores and restaurants. In the case of These are the firms that differentiate their product or services, making them unique but in the end are all competing for the same customers, for example hairdressers or restaurants. What is monopoly? A monopoly is a type of marketShow MoreRelatedMarket Structure Of The Uk Supermarket Sector1600 Words   |  7 Pageswill evaluate arguments and present conclusions about the UK supermarket sector being described as oligopolistic and how oligopolistic markets often suffer from collusion. This report will present findings if UK supermarket sector is oligopolistic or otherwise. 2.0 FINDINGS: 3.0 Market structures: Market structures are classified with regards to the competition – either their presence or absence. There are different types of market structures: perfect competition, monopolistic competition, oligopolyRead MoreEssay about Food Industry Swot Analysis1297 Words   |  6 Pagesluxury  foods. †¢ The UK has a well-established supply structure, in terms of both its production base — for meat, dairy products, fresh and processed vegetables, bakery products and fish, in particular — and its network of  retail  outlets — mainly in the form of major multiples. †¢ Following a period of extensive rationalisation and restructuring, the UK  food  industry can now benefit from more focused businesses and generally more efficient supply chains. †¢ The  food-processing sector has also benefitedRead MoreCorporate Social Responsability for Supermarkets1522 Words   |  7 PagesCorporate Social Responsibility This essay will introduce analysis of the UK supermarket sector and its impacts on a wide range of stakeholders .The responsibility for buying and selling is rapidly shifting. 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