Running head : ESSENTIALS OF ECONOMICSEssentials of EconomicsNameCollegeTutorCourseThe quick sustenance pains has been by and large characterized as falling under the bracket of the consummate(a) disceptation market place social structure . The perfect ambition market structure is an idealized structure based on a banding of traits of a market . Market structure is defined as the composition of a market with venerate to the number of libertines in the industry , power to influence scathe , nature of products change , freedom of entry and market appropriate . The purpose of this render is to provide an analysis of the dissolute food industries in India and France from the academic degree of view of perfect disceptation so as to adopt a better intelligence of the market structureThe perfect competition market structure is characterized by five distinctive traits . The number 1 trait is the humankind of a large number of warring small firms in the industry .
The small size of the firms ensures that no single firm has the capability to produce a demonstrable percentage of the make out market supply in a way that it fucking have an impact on market price or /and quantity of the product . As utmost as the fast food industry in France is pertain , in that location is an constantly increasing number of small fast food operators although there have emerged a number of franchises with names such as Burger King , McDon ald s , Quick and Kentucky Fried cowardly .! In India , the equivalent scenario is experienced with the fast food industry being one of the...If you want to get a entire essay, order it on our website:
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