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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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McDonald's falls under the time utility category because they streamline their services by making the ordering process to leaving with food as fast as possible. Those people wanting to save time and/or get the most value for their time often pick a fast food chain. 
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If you want to compare two different investments, what should you calculate?
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