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BartSMP [9]
3 years ago
7

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

A. there are many firms in the market. B. products are differentiated. C. entry into the market is blocked. D. barriers to entry are very low.
Business
1 answer:
Natali5045456 [20]3 years ago
3 0

Answer:

B. products are differentiated

Explanation:

there are many firms (starbucks, seattles best, and a bunch of others), entry in to the market is not blocked, anybody can start a coffeehouse, and barriers to entry are very low. These are reasons that the market is not purely monopolistic or oligopoly. Differentiated products is the feature of monopolistic competition that applies here

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After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes clear that the budget given in the plan is far lower than the marketing team had determined it would need. This mistake is likely a result of a lack of alignment.

This means that the marketing manager did not respect the parameters originally indicated. His numbers did not align with the necessities of the plan, which means that he did not take into consideration some important factors that at the end, affected the end result of the budget.

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Answer:

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