Answer to Question #230326 in Economics for Pearl

Question

Titanic Trucking is hazchem and general goods carrier that provides various options within South Africa.

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

The company serves industrial infrastructure customers and has a number of dedicated trucks available to carry out its business, which allows it to carry out narrowly specialized tasks. Since this equipment is quite expensive, this leads to the fact that the market for these services is not particularly developed, which reduces competition in this market.