Ask Question
1 August, 14:29

The reason that the fast-casual restaurant market is monopolistically competitive rather than perfectly competitive is because A. there are many firms in the market. B. products are differentiated. C. entry into the market is blocked. D. barriers to entry are very low.

+5
Answers (1)
  1. 1 August, 15:33
    0
    B. products are differentiated

    Explanation:

    there are many firms (starbucks, seattles best, and a bunch of others), entry in to the market is not blocked, anybody can start a coffeehouse, and barriers to entry are very low. These are reasons that the market is not purely monopolistic or oligopoly. Differentiated products is the feature of monopolistic competition that applies here
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The reason that the fast-casual restaurant market is monopolistically competitive rather than perfectly competitive is because A. there are ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers