StudentShare solutions
Triangle menu

An Oligopoly: the Australia grocery market - Essay Example

Nobody downloaded yet

Extract of sample
An Oligopoly: the Australia grocery market

t economy is the presence of competition, where a number of key players operate in the same marketing sector, offering the consumers a large variety of choices. Another very important feature of a successful economic structure is a decentralised market, where the government’s role is to regulate the quality and safety of the products offered, and also to monitor the behaviour of the business firms in respect to curbing various malpractices like undue price rise, or the manipulation of prices to gain the maximum profits. Market structure of a country is founded on the number of consumers and sellers that are available there, and the market price is related to the negotiating power of these consumers and the sellers in determining a price for the goods bought. According to the economists, there are four major types of market structures that are seen worldwide. These are: markets which show perfect competition e.g. an auction market, free software market, and the stock exchange; a market that shows monopolistic competition e.g. markets for toothpastes, soaps, shampoos and other similar products; oligopolistic market with few players within the same retail sector e.g., the grocery market in Australia; and the monopoly market e.g., The British East India Company and the De Beers diamond mining firm. In the present scenario, when globalisation has elevated the scope for competitions in the worldwide marketing arena to an unprecedented level, we are seeing more of government regulated oligopolistic markets within the industrialised nations, where only a handful of firms are being given licenses to operate in a particular sector. The Australian grocery market is a good example of an oligopolistic market, where there are only four major players, which consist of Woolworths, Coles, Davids, and Franklins. This study will examine the Australian oligopolistic market, with a focus on how it functions, its implications and the future trends.
Oligopoly, in economics, refers to ...Show more


In the context of the twenty first century, we can say that there two marketplaces available for the buyer and seller to operate. The first one is a…
Author : linwood82
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"An Oligopoly: the Australia grocery market"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Oligopoly and possible collusion in the UK domestic utilities market
Domestic utilities are the services provided to the residents. These services are either provided by the organizations run by the government or by the organizations that are privately run but they are regulated by government authorities. Services included in domestic utilities; provision of water, oil, gas and electricity.
10 pages (2500 words) Essay
Oligopoly nature of grocery stores in UK
There are numerous stores in the UK estimated to be about 41,000 convenient stores. Majority of these are independent hence dominate UK grocery and food retailing. Due to the strategies applied by the LGRs like having large stores hence a wide range of products and relatively low prices.
3 pages (750 words) Essay
Housing Market in Australia
Many authors have conducted researches to determine which sector is dominant in housing sector as well as to identify the primary reasons behind these changes. Some of the most renowned researched covering these aspects have been presented in the subsequent part of this paper.
6 pages (1500 words) Essay
Market Report on Australia
Fiscal and monetary policy options 8 2.5. Corporate earnings and industrial sectors to watch out for 9 2.6. Risks 9 3. Conclusion: Effects on financial markets 10 Reference List 11 1. Summary Australia has a stable financial system and a strong economic position in the world.
8 pages (2000 words) Essay
Retail grocery industry in Australia
The Australian retail grocery market is characterised by low growth in terms of population, comparatively small market, along with large distances. These unique features of the industry have created the requirement of ensuring economies of scale for the retailers which operate in the national level in order to deliver food as well as other grocery products to the customers throughout the market in a reliable manner.
4 pages (1000 words) Essay
Retail Grocery Market
Food and Grocery remains the third largest element of household expenditure, accounting for 13.1% in 2004, and for 49p of every 1 of retail spending. The Supermarkets & Superstores sector continues to dominate the UK grocery market, accounting for around three quarters of total sales, which IGD values at 88.2billionin 2005.
6 pages (1500 words) Essay
Average cost is the total cost divided by the number of units produced. Before I go further I would like to clarify that firms maximize profits by considering the marginal cost, not the average cost. Secondly as the figure below illustrates the demand curve in an oligopoly will be a "Kinked" demand curve which may be similar to the traditional demand curves in the Perfect competition, as they are downward-sloping but it will have a kink or a bend.
8 pages (2000 words) Essay
Food and Grocery remains the third largest element of household expenditure, accounting for 13.1% in 2004, and for 49p of every £1 of retail spending. The Supermarkets & Superstores sector continues
6 pages (1500 words) Essay
Economics-Market Power, Oligopoly, Monopoly
In addition, this paper will tell Oligopoly theory gives us a rather confused picture of the relationship between economic profits and market structure" Has empirical investigation of this relationship helped us to clarify the picture? Why might it be argued that it takes only a few rivals competing in the same market to achieve an outcome very close to that of large numbers 'perfect' competition? Does it make much difference if the rivals can cooperate with one another?
13 pages (3250 words) Essay
Pest analysis that influences the grocery market in the uk
The present report is aimed at providing insight into the macroeconomic factors influencing UK’s grocery market. The discussions will majorly focus on analyzing the external environment
3 pages (750 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic An Oligopoly: the Australia grocery market for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
Join us:
Contact Us