Running Head: ECONOMICS

Market Models

Introduction There are various market models which form the basis of a particular industry. The market models include monopoly, perfect competition, oligopoly and monopolistic competition. There are certain industries in which, certain changes have been brought in the market model. Due to the changes some consequences do take place. The present paper shall analyze the changes in market model in a particular industry and then, discussion shall be made on various key topics regarding the same. Description of Industry The industry selected for purpose of current paper is Food Industry. Food industry is a combination of diversified business organizations to which are engaged in the supply of a majority of food energy consumed...