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12 May, 01:04

The reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because

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  1. 12 May, 02:30
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    A market which is monopolistically competetive has an imperfect competition and characterized with many producers that sell products that are differentiated from one another. Because of this there are not perfect substitutes.

    So, the reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because products are differentiated.
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