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deff fn [24]
3 years ago
7

There are many restaurants in a city, each one offering food and services that differ from those of its competitors. There is al

so free entry of sellers into the market, and each seller serves a very small fraction of the total number of meals served each day. The restaurant industry in Raleigh is best categorized as:
Social Studies
1 answer:
Kobotan [32]3 years ago
3 0

Answer: monopolistically competitve

Explanation:

Yes they are competitive, but taking into cognisance that they offer differing services and there is a level of uniqueness with each restaurant , so there is a monopolistic competition between them.

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The correct theory for scenario B is Behavioral Learning theory.

The correct theory for scenario C is Social Learning theory.

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