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500 word response to prompt with article attached
Description
As we look at competition we need to remember there are many ways to form a competitive position. Consider the article ‘Big Chains Put a Lock in First Run Movies.” There are three primary actors in this article 1) a small new independent theater, 2) large established theater chains, and 3) movie distributors (and producers). You should be able to discern how the established theater chains are leveraging practice of ‘clearance’ to produce supplier power and control the market. Choose whether the independent operator has been unfairly treated or if the established theater chains are justified in their practice which creates barriers of entry and stifles competitiveness. Include if appropriate a discussion of how market share concentration is related to this industry’s market structure.