2024 classify the market structure that restaurants in general operate in, economics homework help

classify the market structure that restaurants in general operate in, economics homework help

Business Finance Assignment Help 2024

a)  classify the market structure that restaurants in general operate in. Explain your reasoning.

b)  Choose a different firm from a different market structure and explain the characteristics of that market. It is best to go with a firm you frequent or are familiar with so you can speak from your own personal experiences. Note: Make sure that in parts a. and b. you described how competition affects the buyers and sellers involved in these market structures.