1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MArishka [77]
3 years ago
5

In the restaurant industry, a large number of restaurants cater to similar customer needs. However, each restaurant makes its pr

oduct unique by offering a different cuisine, a different ambience, organic ingredients, or different services like home delivery. This differentiation allows each restaurant to set its own prices. Thus, the restaurant industry best illustrates a(n)a. perfectly competitive structure.b. monopolistically competitive structure.c. monogopoly.d. oligopoly.
Business
1 answer:
netineya [11]3 years ago
6 0

Answer: Option B

Explanation: Monopolistically competitive structure refers to a market structure depicting a combination of monopoly and perfect competition. In such markets there are large number of small sellers but due to minor differences in product, different firms can charge different prices.

In the given case, also different restaurants are charging different prices due to their different service offerings.

Thus, from the above we can conclude that the restaurant best illustrates monopolistically competitive structure.

You might be interested in
Which is the primary source of revenue for the federal government
soldier1979 [14.2K]

The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.

8 0
4 years ago
The purpose on<br> objectives<br> Of competition policy<br> in South Africa.
Afina-wow [57]

Explanation: !!!

Der Onkel meines Vaters ist Hitler und saugt gerne an kahlen Köpfen zum Abendessen. Er liebt auch Kniescheiben zum Mittagessen. Er liest auch seinen Namaz

6 0
3 years ago
What is company culture? what role does it play a small company's success? what threats does rapid growth pose for a company's c
attashe74 [19]
The way a company goes about their business and their mission statement has a lot do with how company culture is set up.In basic terms it is the way things are done

4 0
3 years ago
Chang Corporation issued $6,000,000 of 9%, ten-year convertible bonds on July 1,2017 at 96.1 plus accrued interest. The bonds we
Nataly_w [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
Ifre chapter 1, conceptual multiple
geniusboy [140]

Answer:

Explanation:

When the future revenue producing ability of the inventory is above its original cost the

companies should reports their inventory value with LCNV method.

5 0
3 years ago
Other questions:
  • Look carefully at the following list. a. The coins in your pocket. b. The funds in your checking account. c. The funds in your s
    12·1 answer
  • Clarence lives in Maine, which has a sales tax of 5%. He just bought a digital camera whose full price was $725, but after sendi
    7·1 answer
  • The federal regulation of used-car sales requires that __________.
    15·1 answer
  • Which of the following is not an example of state spending ?
    11·1 answer
  • The exchange of a good or service is
    6·1 answer
  • Claymore Corp. has the following information about its standards and production activity for September. The volume variance is:
    6·1 answer
  • If an asset costs $132000 and is expected to have a $22000 salvage value at the end of its 10-year life, and generates annual ne
    10·1 answer
  • Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,510 and two j
    12·1 answer
  • ______ is a place where buyer and seller meet for the purpose of exchanging, buying and selling of goods services using money as
    5·1 answer
  • On January 4, 2021, Snow Co. purchased 40,000 shares (40%) of the common stock of Walker Corp., paying $900,000. There was no go
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!