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how do you define the fast food market? What market structure best describes the fast food industry? Why? what happened in the Fast Food industry

  1. how do you define the fast food market? What market structure best describes the fast food industry? Why?
  2. what happened in the Fast Food industry until 2012. Which microeconomics/macroeconomic factors played a role? How did McDonald's react to these influences?
  3. Describe California state of the fast food industry, including macroeconomic indicators, such as unemployment rate, wage rate, etc. How does the fast food industry compare to the overall state of the economy in the U.S.?
  4. Which of the areas discussed by the IMF have the biggest potential impact on the fast food industry? How?

One of the potential labor market changes in the fast food industry is increasing automation. Watch the following news video clip on Flippy:Meet Flippy, the burger-flipping robot poised to transform fast food

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5-How to increase the level of automation potentially influence the fast food industry? Make sure to include unemployment and wages rates in your discussion and refer back to the previous articles on the fast food industry.

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