Which industry would be considered to be monopolistically competitive?
A. Groceries in a small remote town.
B. Locally owned restaurants in large cities.
C. Fast food restaurants along rural interstate highways.
D. Agriculture products sold at farmers' market.
Answer: B
You might also like to view...
If a good is congestible, then _____
a. the optimal sharing group is a the national level b. the optimal club size is where marginal reduction in cost per user is minimized c. some congestion is optimal d. marginal costs are constant for any possible output level
An increase in demand is represented by a
A) shift of the demand curve to the left. B) shift of the demand curve to the right. C) movement down the demand curve. D) movement up the demand curve.
Recently, the financial crisis led to a bank run in
a. Brazil. b. Germany and France. c. Japan. d. England.
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The firm is currently along isocost CD. If the price of capital is $25, then the price of labor is
A. $1. B. $25. C. $80. D. indeterminate from the information given.