(Answered) Coffee shops in a large city would appear to be examples of

Management Studies

Coffee shops in a large city would appear to be examples of competitive markets: there are numerous relatively small sellers, each seller is a price-taker, and the products are quite similar.

a. How could you argue that this market is not competitive?

b. Could each coffee shop face a demand curve that is not perfectly elastic?

c. How profitable do you expect coffee shops to be in the long run?

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