Market structure
Pick a company, either that you work for or you are interested in, describe the market structure
for that company and does it dominate the market.
Sample Answer
Google: A Dominant Force in the Tech Industry
Market Structure: Oligopoly
Google, a subsidiary of Alphabet Inc., operates in a highly competitive yet oligopolistic market structure. This means that a few large companies dominate the market, with significant barriers to entry for new players.
Dominance in the Market
Google holds a dominant position in the online advertising market, particularly search advertising. Its proprietary search algorithm, coupled with extensive data collection and analysis, allows it to deliver highly targeted ads to users. This has led to significant market share and substantial revenue generation.