What type of a market structure does the fast food restaurant industry
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What type of a market structure does the fast food restaurant industry

Question 3

What type of a market structure does the fast food restaurant industry such as Hungry Jacks, McDonalds, KFC, and Dominoes Pizzas operate in? Explain your answer. (This question requires you to do some research and provide examples to back your discussion and conclusion).

Hint
Economics McDonald's is regarded as an oligopoly, since it is one of the few companies controlling the industry. McDonald's is among many companies that are under the economies of scale. There exist various barriers of access to get into the hamburger market and industry....
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