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    Firm's like Papa John's, Domino's, and Pizza Hut sell pizza

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    Firm's like Papa John's, Domino's, and Pizza Hut sell pizza and other products that are differentiated in nature. While numerous, pizza chains exist in most locations, the differentiated nature of these firms products permits them to charge prices above marginal cost. Given these observations, is the pizza industry most likely a monopoly, ;perfectly competitive, monopolistically competitive , or an oligopoly industry? use the causal view of structure, conduct and performance to explain the role of differentiation in the industry.

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    https://brainmass.com/economics/perfect-competition/firm-s-like-papa-john-s-domino-s-and-pizza-hut-sell-pizza-408684

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    The response addresses the queries posted in 459 words with references.

    // In this paper, we will discuss the market structure of Pizza industry. There are various types of market structures, such as monopoly, oligopoly, perfect competition or monopolistic competition. The Pizza industry follows monopolistic competition, which is discussed below in detail.//

    The Pizza market is a mature, developed and highly competitive market in the US. Eating out in Quick Service Restaurant (QSR), buying and delivering fast food is an important part of the lifestyle of Americans. It is estimated that there are around 150 well known Pizza franchises including Dominos, Pizza Hut, and Papa John's providing quality Pizza and delivering them on time. There are some other local and regional Pizza companies in the US. ...

    Solution Summary

    The response addresses the queries posted in 459 words with references.

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