Can I get help on this please?

Which type of market structure is most closely associated with fast-food restaurants?


monopoly


pure competition


oligopoly


monopolistic competition

Respuesta :

Option D

monopolistic competition type of market structure is most closely associated with fast-food restaurants

Explanation:

Monopolistic competition is a market edifice that merges components of monopoly and competing demands. Basically, a monopolistic competitive market is unitedness with freedom of approach and exodus, but firms can adapt their goods.

Consequently, they have a rigid demand curve and so they can fix charges. Though, because there is the privilege of the entrance, super-normal profits will prompt more firms to subscribe to the market-leading to ordinary gains in the extended session.