Group items tagged

This article talks about how people are doing a 'weekly food shop' less frequently and are buying goods from many shops rather than just one. The Oligopoly market that has emerged in the food industry has meant there is far more competition between stores. This could have advantages for the consumer as more competition potentially could mean lower prices. However there could be big disadvantages for food stores as demand could go down if they cant compete well enough with other firms, hence this causing a shift in the demand curve.