A demand for fast casual food is very high b it is

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A) demand for "fast -casual" food is very high. B) it is trendy and therefore is likely to have a customer following. C) barriers to entry are low. D) consumption takes place in public.
The reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because
All of the following characteristics are common to both monopolistic competition and perfect competition except
A major difference between monopolistic competition and perfect competition is
Which of the following is true for a firm with a downward-sloping demand curve for its product? A) Price, average revenue, and marginal revenue are all equal. B) Price, average revenue, and marginal revenue are all different.
C) Price equals average revenue but is greater than marginal revenue. D) Price equals average revenue but is less than marginal revenue. If a firm faces a downward-sloping demand curve,
A monopolistically competitive firm faces a downward-sloping demand curve because

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