Business, 24.07.2019 13:00 jsushehdhdu

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

Answers: 1

Show answers

Answers

Answer from: naiajNan

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.

Answer from: vleverett444

The reason that the “fast-casual” restaurant market is monopolistic competitive rather than perfectly competitive because the products are differentiated.

Further Explanation:

Fast-casual restaurant:

The fast-casual restaurant is a type of restaurant that advertises the good quality food and has a product differentiated. It is midway between fast food and casual dining. This type of restaurant does not provide full table service. They are just offering good quality food and have low processed ingredients.

Monopolistic competitive:

A competitive refers to a type of competition in the market, in which only one seller sells the product in the market. In this type of competition, the product is differentiated. That's why the seller sells the product in the market at higher prices and earns a maximum profit.

Perfectly competitive:

Perfectly competitive is a type of competition in the market, in which there is no barrier to entry and exit in the market. The product is homogenous, and all the sellers reap the same amount of profit. In a long period, there is no profit.

Monopolistic competition is the reason behind the fast-casual restaurant considered as a monopolistically competitive rather than perfectly competitive market.

Learn more:

1.Learn more about monopolistic competition

2.Learn more about a competitive market

3.Learn more about cartel

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Competitive market

Keywords: fast-casual restaurant, monopolistically competitive, rather than a perfectly competitive market, product, differentiated, fast food,casual dining.

Answer from: Quest

i would go with get a bachelor’s degree

hope i

-lavira : )

Answer from: Quest

you're crazy if you think that someone is going to write a 500 word report for you.

Another question on Business

Business, 21.06.2019 21:00

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

Answers: 1

Answer

Business, 22.06.2019 19:30

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.

Answers: 1

Answer

Business, 23.06.2019 01:20

Problem 8-6 cullumber company is a multi product firm. presented below is information concerning one of its products, the hawkeye. date transaction quantity price/cost 1/1 beginning inventory 2,700 $17 2/4 purchase 3,700 26 2/20 sale 4,200 43 4/2 purchase 4,700 33 11/4 sale 3,900 47 calculate average-cost per unit. (round answer to 4 decimal places, e.g. 2.7613.) average-cost per unit $ link to text compute cost of goods sold, assuming cullumber uses: (round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.) cost of goods sold (a) periodic system, fifo cost flow $ (b) perpetual system, fifo cost flow $ (c) periodic system, lifo cost flow $ (d) perpetual system, lifo cost flow $ (e) periodic system, weighted-average cost flow $ (f) perpetual system, moving-average cost flow $ click if you would like to show work for this question: open show work

Answers: 3

Answer

Business, 23.06.2019 05:30

When conducting a swot analysis, information about turnover, profit margins, and staff quality can be used to identify:

Answers: 2

Answer

You know the right answer?

The reason that the "fast-casual" restaurant market is monopolistically competitive rather than perf...

Questions