As a manager of a big retail shop that specialises in groceries operating in South Africa,...

As a manager of a big retail shop that specialises in groceries operating in South Africa, you don't believe that the industry players are fairly contacting themselves despite the argument from the competition tribunal and parliament that the sector is competitive and is operating freely and fairly. Using relevant examples and your knowledge of market structures, write a critique of the theory of perfect competition and reasons why this market structure might not exist in real world.

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Rahul Sunny answered 1 year ago

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As a manager of a big retail shop that specialises in groceries operating in South Africa,...

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