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Think about your current or most recent job and the wider industry that the business is in. (For example, if you're a waiter/waitress, the restaurant
Think about your current or most recent job and the wider industry that the business is in. (For example, if you're a waiter/waitress, the restaurant industry. If you work in retail, your industry is groceries, furniture, automotive, or whatever it is you're helping sell.) Using the characteristics of price takers and price searchers with low barriers to entry, which industry structure would you say more closely matches the industry in which your job is located. Defend your choice with the characteristics of your industry.
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