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Differentiating Between Market Structures

In San Diego, is a local upscale store name Kudler Fine Foods that has specialty foods in the metropolitan area. In this store it is stocked with the very best imported and domestic food and it is divided into several sections. The company provides good customer service and products that are high in quality is what Kudler Fine Food provides to their customers. The company is making sure that customers are highly satisfied is and the company wants to achieve. Kudler has several locations and in the future looks to expand to addition areas.

The perfect competition market is where Kudler Fine Foods operates. Concerning perfect competition there are various buyers and also sellers. Perfect competition is a market that offers products that can be substituted to the product on hand. It is important in the perfect competition market that it offers no barriers to entry for new companies in the market. In the perfect competitive market the prices of the products which are sold are determined by the supply and the demand. Kudler Find Foods do not have the authority to leverage they will operate in the perfect competition market. If Kudler Fine Foods made the decision to increase their prices the option to buy substitute products would be the decision of the consumer.

The competitive market has a positive effect on Kudler Fine Foods. Kudler has the ability to decide what the customer’s needs, the company can be front of the market. In the perfect competition market that is a way to guide the innovation and also improve the quality of producing fine foods. In regards to other markets such as oligopolistic and monopolistic quality and innovation are sometimes low because of the market dominance.

Producing quality products and providing efficient services Kuddler Fine Foods could establish a good reputation. Branding a name that will make sure customers will know the company has good innovation and also quality. When the company...