In the restaurant industry, a large number of restaurants cater to similar customer needs. however, each restaurant makes its product unique by offering a different cuisine, a different ambience, organic ingredients, or different services like home delivery. this differentiation allows each restaurant to set its own prices. thus, the restaurant industry best illustrates a(n)a. perfectly competitive structure. b. monopolistically competitive structure. c. monogopoly. d. oligopoly.
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In the restaurant industry, a large number of restaurants cater to similar customer needs. however,...
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