Answer to Question #230005 in Economics of Enterprise for Pearl

Question

Select an existing motor carrier company operating in South Africa and answer the following. 

1. Describe the company in light of the following:

- What sector do they serve?

- The type of market structure they are operating in.

(15 marks) please provide intext reference as well as references.

Answer 1

Titanic Trucking is hazchem and general goods carrier that provides various options within South Africa. The company transports paint products, freight and medical goods, textiles, small machinery and spice.

Titanic trucking operate under perfect competition market structure as there is no barrier to exit or entry into the carrier industry. Similarly, many sellers and buyers of the respective services are available within the market. The products offered within the industry are also similar.