Register
Which of the following types of firms is most likely to be a monopolistic competitor? A. A local telephone company B. An automobile manufacturer C. A restaurant D. All of the above are likely to be monopolistic
72.7k views
0 votes
Which of the following types of firms is most likely to be a monopolistic competitor?

A. A local telephone company
B. An automobile manufacturer
C. A restaurant
D. All of the above are likely to be monopolistic competitors.

User Banderi
by
6.0k points

1 Answer

2 votes

Answer:

C) A restaurant

Step-by-step explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another, so option C is more valid.

User Bruno Campos
by
6.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

Other Questions

One reason that businesses want to combine with other businesses is to A. avoid taxes. B. delay expenses. C. hire more workers. D. reduce expenses.
Which of the following possesses the sole power to create revenue bills?
A ______ is "the basic interpretive mechanism to let people know what an organization is doing and are sent out to editors and reporters in hopes of stimulating favorable stories about their organizations"
All of the following are fees typically charged by credit card companies EXCEPT: A. Late payment fee B. Balance Transfer fee C. Annual membership fee D. Reload fee
Individuals are free to produce and sell whatever products they wish
Link Copied!