Business Economics

Unit Title: Business Economics

Unit Leader: Dalene Matthews

Unit Code: QHO400

Individual Report

Student I.D

Table of Contents

1.Introduction—————————————————————————–pg.3

2. Oligopoly Definition and Discussion———————————————–pg.4

2.1 Oligopoly Compared to Monopolistic Competition—————————-pg.4

2.2 Oligopoly Compared to Monopoly————————————————-pg.4

2.3 Oligopoly Compared to Perfect Competition———————————– pg.5

3.0 Impact Supermarket Giants have on Privately owned local grocery stores pg.6

4.0 Total shopping costs comparison———————————————— pg.7

5. Competitiveness and segmentation in the food market———————–pg.8

6. Conclusion ——————————————————————————pg.9

Bibliography ——————————————————————————-p.10

1.Introduction (Approx: 100 words)

State what the assignment brief is.

2.Definition and discussion of oligopoly (Approx. 100 – 150 words)

Also add appropriate diagrams and explain them.

2.1 Oligopoly Compared with Collusive Oligopoly (Approx. 100 words)

Also add appropriate diagrams and explain them

2.2 Oligopoly and Monopoly (Approx.150 – 200 words)

Also add appropriate diagrams and explain them

2.3 Oligopoly and perfect competition (Approx.100 – 250 words)

Also add appropriate diagrams and explain them

3.0 Impact supermarket giants have on privately owned local grocery stores ( Approx.150 – 200 words)

4.0 Table of Comparison of the prices of food in different stores. (Approx.150 – 250 words).

*List ALL THE PRODUCTS

 *Product Details Tesco Asda Morrisons Sainsbury’s Waitrose Aldi Local independent shop i.e Budgens
Product #1 1.1 £1.10 £1 £1.10 £1.10 £0.17 £1.99
Product #2 1.4 £1.39 £1.40 £1.40 £1.87 £0.45 £1.75
Product #3 £5.40 £5.39 £5.78 £5.67 £6.50 £4.89 £5.85
Total £7.90 £7.88 £8.18 £8.17 £9.47 £5.51 £9.59

4.1 Total shopping costs comparation. (Approx.400 – 550 words)

5. Competitiveness and segmentation on the food market.(Approx.400 – 550 words)

6. Conclusion (Approx.150 – 200 words)

Word count statistic: 2237

Bibliography

See examples of how to reference below

Agarwal, P., 2020. Oligopoly Market Structure [viewed 02 July 2020]. Available from: https://www.intelligenteconomist.com/oligopoly/

Butler, S., 2020. UK Corner Shops And Independent Grocers Ring Up 63% Rise In Sales [viewed 02 July 2020]. Available from:

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