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Author Question: You live in a small town and there is only one Indian restaurant in a town. The next Indian ... (Read 237 times)

karlynnae

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on: May 25, 2020
You live in a small town and there is only one Indian restaurant in a town. The next Indian restaurant is 30 miles away. Is this Indian restaurant a monopoly?
◦ Yes, because the demand curve facing the Indian restaurant is downward sloping.
◦ No, because there are Indian restaurants in other towns.
◦ No, because there are close substitutes for the Indian restaurant such as other restaurants in town and Indian food sold in the local supermarket.
◦ Yes, because it is the only Indian restaurant in the town.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by karlynnae on May 25, 2020

aloop

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Gfyh

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Reply #2 on: May 29, 2022
Thank you


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