Answer:
There is a lack of competition on the west side of town, so the one restaurant does not need to consider the prices at other restaurants.
Explanation:
When there are multiple businesses selling a similar product, each will compete against the others to try and sell their product to consumers instead of the other businesses selling their products first. Due to this competition, the producers will list the prices based on the prices at the other businesses. Consumers are more likely to purchase cheaper products, which is why the producers will try to list their prices lower than the other producers in hopes of gaining more customers and profit.
If there is only one business in a location that has no competitors, they will list the prices on their own accord, not based on the prices at other businesses.
Because the west side only has one restaurant, their prices will likely be higher than those at other restaurants located elsewhere because the west side restaurant has no competition.
<em>Hope this helps!</em>
The Nile River.
Hope this helps.
The battle of Saratoga was a major turning point for the Americans
On December 23, 1913, President Woodrow Wilson was the one who signed the Federal Reserve Act.
Please correct me if I'm wrong!!! I'd be happy to fix it!! :)
