grain:The Manufacturing Industry Cereal: The Manufacturing Industry Everyday, more than cardinal million Americans have some type of cereal for breakfast. Cereal is one of the most popular breakfast foods and some shop is found in almost every home in America (Topher). This vast industry stems from the late 1800s when John Harvey Kellogg and C. W. placement began cereal production in Battle Creek, Michigan (Topher). Today, many types and varieties of cereal line the grocery store shelves. However, only a few select companies make every one of those contrasting kinds of cereal.
There are four different categories into which economists classify industries. These categories are perfect competition, monopolistic competition, oligopoly, and monopoly. Each of these four categories has its own unequaled characteristics. Perfect competition has an unlimited number of firms, while a monopoly has one single firm, and an oligopoly consists of a small number of dependent firms. The ...If you want to get a full essay, order it on our website:
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