Indian Railway catering and tourism corporation

Topics that may be useful to address:

How well the market fits the assumptions of the model

The nature of the product (eg. differentiated?)

Factors about the production technology of the product, such as: Are there economies of scale? How might the minimum efficient scale compare to the size of the market? Are there any other interesting aspects of the cost structure that might be an important part of the story regarding the type of market observed, the pricing, or profits?

How large is the number of competitors?

What is the degree of market power of firms in this market?

How do firms compete or set prices in this market?

Are there significant barriers to entry?

What outcomes do we observe such as prices, mark-ups, profits and firm entry/exit?

Are there positive economic profits, and would this be a desirable market to operate in?

It may be useful to contrast short-run and long-run responses in the market to changes in demand or supply factors, or more particularly to economic profits

Is it an increasing-cost or decreasing-cost industry, and is this relevant to the analysis?

Discuss about the price cost and profits with diagrams

Explain IRCTC in the long run, short run & Economies of Scale with suitable diagrams