Discuss each market structure characteristic

Reference no: EM133344113

Case: Using the provided table below that outlines the various characteristics of each market structure type and the information provided by Manager Tracy from Ruby Red Movie Theater, define the market structure (perfectly competitive, monopolistically competitive, oligopoly, or monopoly) for the movie theater market of this town. Discuss each market structure characteristic as it either relates or does not relate to the movie theater market for this town. Make sure you address all four market structures and each market structure characteristic in your discussion.

Ruby Red Theater is now starting to work on its marketing plan to draw more customers into the theater. Manager Tracy has provided you with the following information and asked for your help:

There are four movie theaters in the town (Ruby Red, Grayson's Guild, Ryne's Reel 2 Reel, and Garrett's Dollar Movies).
The city has passed a law banning any other movie theaters from building within the city limits.
All movie theaters offer similar types of concession stand items at similar prices.
The average ticket prices per movie at each theater are:

Reference no: EM133344113

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