Although McDonalds operates in a market structure with many competitors and substitute foods,it often engages in ________ with its major fast food competitors.
A)monopoly behavior.
B)oligopoly behavior.
C)competitive behavior.
D)none of the above.

Question

Quizplus · Accepted Answer

McDonalds operates within an oligopoly market structure, meaning it competes with just a few major fast food chains. As such, McDonalds often engages in oligopoly behavior, such as price-fixing and advertising wars, with its competitors.

Although McDonalds Operates in a Market Structure with Many Competitors