In What type of market structure Tesco operating internationally?

Answer 1

Tesco is operating within an oligopoly market where the market is highly dominated by a very little number of big companies. Though there are many companies operating chain retail shop worldwide a small number of big companies like- Wal-Mart Inc., Sainsbury Plc. and Carrefour SA, operating internationally or locally dominates those markets. These companies has a same type of products irrespective of the diversity of the products. As the number of the competing companies is small customer don't have a scope to get products at a lower price because of lack of true competition. In some cases a curtail is formed in such oligopoly competition concurring at a percent of market profit.