The market structure that best describes the environment within which my organization operates is an oligopoly. This is because the industry is caretaking for individuals with developmental disabilities within a group home setting. There is a small number of companies that compete with state-regulated funding for the company. There is also a limited number of companies and some organizations can be bought out. The opportunities I can foresee happening with governmental intervention are of great need. Meaning, the opportunity is to help those less fortunate and to reduce abuse and neglect. I believe there is a great need to increase the amount of funding the industry gets in order to pay Direct Support Specialists more money to better serve the members in care. The challenge that is anticipated is the limited amount of recourses the group home has in order to function/operate. The biggest challenge is a shortage of staff. Government has a role to play and because they are a funding source it's difficult to get more opportunities to refine organizations based on limitations with state-regulated policies and procedures.

Miller, S. P. (2023). Market structures. Salem Press Encyclopedia.

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Please JUSTIFY the above.

The note should have intext citations. For example, anything with numbers or quotes per paragraph. The intent citation just needs to be the Author's last name and year it was published. Please also include REFERENCES. Thanks