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McDonald's and Competitive Markets

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The questions are:
Does McDonald's operate as a monopoly?
Does it compete in an oligopolistic competition?
Is it in a perfectly competitive market?
Why?

What are the advantages and disadvantages being in this type of competitive market?

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Solution Summary

This solution discusses McDonalds in the context of competitive markets.

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It can be reasonably stated that McDonalds is functioning in an oligopolistic environment today, even though it might have started as a monopoly in its inception. McDonald's competitors are KFC ...

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