This report provides a comprehensive analysis of Toyota's market structure within the framework of management economics. It begins by describing Toyota as a multinational automotive manufacturer and analyzes its target market, focusing on demographics such as age and income. The report identifies Toyota's shift from operating in a perfect competition market initially to its current position in an oligopoly market, detailing the characteristics of each. It discusses homogeneity of products, the number of buyers and sellers, free entry and exit of firms, market knowledge, and mobility of production factors. The report suggests that Toyota should remain in the oligopoly market due to the high costs associated with differentiating products for other market structures. It also briefly touches on potential government interventions and emphasizes the importance of understanding market dynamics for strategic decision-making. Desklib provides a platform for students to access similar solved assignments and past papers.