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Author Question: The reason that the "fast-casual" restaurant market is monopolistically competitive rather than ... (Read 271 times)

WhattoUnderstand

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The reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because


entry into the market is blocked.


there are many firms in the market.


barriers to entry are very low.


products are differentiated.



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Marked as best answer by WhattoUnderstand on Oct 8, 2019

braelync

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WhattoUnderstand

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Reply 2 on: Oct 8, 2019
Great answer, keep it coming :)


alexanderhamilton

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Reply 3 on: Yesterday
Wow, this really help

 

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