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N76 [4]
3 years ago
8

Alison owns a coffee shop in a small city in which there are many similar establishments. she advertises that her coffee is the

best in town because the coffee beans she roasts are fair trade​ certified, shade​ grown, and organic. which degree of competition would this best​ describe?
a. oligopoly
b. monopolistic competition
c. monopoly
d. perfect competition
e. natural monopoly
Business
1 answer:
Maru [420]3 years ago
3 0
Alison's business idea of coffee shop in a small city with coffee beans that are fair trade​ certified, shade​ grown, and organic is best described with the following degree of competition : Monopolistic competition. (B). The coffee shop will <span>sell products that are differentiated from the product of other coffee shops (because of the special coffee beans). Which means there won't be perfect substitutes. This makes the competition monopolistic. </span>
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