In New Zealand.. What type of price competition is bread?

Question

eg.. oligopoliy, monopoly etc..

I need some links to pages also

Answer 1

Well, perfect competition doesn't exists in reality, so it's not the perfect competition.

Monopoly requires only one seller, so it is not a monopoly too.

Oligopoly needs just few sellers (up to 10 probably) - but NZ has much more (over hundreds)

Thus it is monopolistic competition - each seller may differentiate product and charge different prices. All of them also doesn't sell bread at exactly same place.