As most people know, with the exception of a few industries such as the utility industry, monopolies and oligopolies tend to be bad for consumers and suppliers in the form of unfair practices and ultimately higher prices, however I don’t think this is the case in the supermarket/grocery industry.
A report was concluded in late 2015; it was the Competition Policy Review, headed by Professor Ian Harper. The report came to the conclusion that the barriers to entry into the supermarket/grocery store industry were not too significant as to deter all competition from entering the market. This has been followed by Aldi’s success in the market.
This success suggests that the barriers to entry are not prohibitively high and that competition can and
A report was concluded in late 2015; it was the Competition Policy Review, headed by Professor Ian Harper. The report came to the conclusion that the barriers to entry into the supermarket/grocery store industry were not too significant as to deter all competition from entering the market. This has been followed by Aldi’s success in the market.
This success suggests that the barriers to entry are not prohibitively high and that competition can and