Ask Question
8 May, 10:59

There are many restaurants in a city, each one offering food and services that differ from those of its competitors. There is also free entry of sellers into the market, and each seller serves a very small fraction of the total number of meals served each day. The restaurant industry in Raleigh is best categorized as:

+2
Answers (1)
  1. 8 May, 14:20
    0
    Answer: monopolistically competitve

    Explanation:

    Yes they are competitive, but taking into cognisance that they offer differing services and there is a level of uniqueness with each restaurant, so there is a monopolistic competition between them.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “There are many restaurants in a city, each one offering food and services that differ from those of its competitors. There is also free ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers