In San Francisco there are many restaurants that specialize in a wide variety of cuisines. Patronage at these restaurants is influenced by factors such as tastes, price, and location. This market is
A) monopolistically competitive. B) oligopolistic.
C) monopolistic. D) perfectly competitive.
A
Economics
You might also like to view...
The point at which quantity supplied and quantity demanded are the same:
a. rationing b. price floor c. excess demand d. surplus e. equilibrium
Economics
In the real business cycle model, a persistent increase in total factor productivity
A) increases the real wage and increases the price level. B) increases the real wage and decreases the price level. C) decreases the real wage and increases the price level. D) decreases the real wage and decreases the price level.
Economics