Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of why or why not.
Scenario
There are several dozen crust makers that distribute their frozen products to hundreds of
pizza shops nationwide. The shop owners source crusts from the cheapest available
producer.
In a large city, one chain of coffee shops controls a large market share because locals
believe its coffee tastes better than that of its competitors.
A few major airline companies represent a great majority of total air travel. Consumers
consider all different flights to be essentially the same, and comparison shop for the
lowest price.
Gentoo Inc. controls the copyright to a popular series of mystery novels. It is the only
company with the right to legally publish books in the series in the United States.
Is the market competitive?
?
