Discuss which of the four (4) market structures best describes the Australian Supermarket and Grocery Store industry

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Microeconomic analysis: Australian Supermarket and Grocery Store Industry “The Supermarket and Grocery Stores industry is one of the most fiercely competitive industries in Australia” (https://www.ibisworld.com.au/industry-trends/market-research-reports/retail-trade/food-retailing/supermarkets-grocery-stores.html) You are required to: a. Research the Australian Supermarket and Grocery Store industry, and determine the market concentration. b. Based on your research, explain whether or not, and why, you agree or disagree with the above statement. c. Discuss which of the four (4) market structures best describes the Australian Supermarket and Grocery Store industry. Explain the reasons for selecting one of these four structures. GSB013 Economics for Managers: Unit Guide d. Using your selected market structure, analyse the economics and pricing policies that you would to expect to find in the Australian Supermarket and Grocery Store industry. e. Write a conclusion which summarises the insights which you have gained from this assessment task.

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