Discuss what type of market structure can best describe the UK grocery sector and the ways in which firms in the sector can behave so that their margins will not be eroded. Consider only the big supermarket chains. “We will be aiming for Oligopoly&qu

“Please Don’t use hard words. I don’t want to make it seem obvious, my English is normal level. and I would like a very basic first draft with bullet points to present to the professor before the final essay. Focus on answering what is required rather than impressing with words. Quality over quantity. It has a very high grade 20% out of the whole term. and the whole grading depends on achieving what is required. Im relying on you. Good luck”
1-Coursework question is:
Discuss what type of market structure can best describe the UK grocery sector and the ways in which firms in the sector can behave so that their margins will not be eroded. Consider only the big supermarket chains. “We will be aiming for Oligopoly – Out of text”
2-An example of the background to the coursework:

According to BBC (2015), Waitrose has recently reported a 24.4% drop in operating profit for 2014 as a result of increasing competition for market share in the UK grocery market. Although the UK’s sixth largest supermarket (Waitrose) reported a 4.7% revenue increase on the previous year, lower prices eroded the retailer’s margins.
3-Important Remarks:

A. 1500 words
B. Make use of the basic principles of Microeconomics and the relevant theories associated with perfect competition, monopoly and oligopoly and use drawing diagrams. You will also need to consider how these theories relate to the case of the UK biggest grocery retailers.
B. Use headings

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