Firms such as Taco Bell and Chipotle operate hundreds of restaurants nationwide while firms such as El Pollo Loco operates only in five states. How would you characterize these stores?

A) Taco Bell and Chipotle are duopolists while El Pollo Loco is a monopolistic competitor.
B) They are all monopolistic competitors.
C) Taco Bell and Chipotle are duopolists while El Pollo Loco is an oligopolist.
D) Taco Bell and Chipotle are oligopolists while El Pollo Loco is a monopolistic competitor.


B

Economics

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