Economics: The Basics 1st Edition by Mike Mandel

تمرين 1

You are running a restaurant under conditions of monopolistic competition. Explain how each of the following affects the demand schedule you face.
a) Another restaurant opens across the street.
b) You advertise in the local newspaper.
c) The local health inspector finds insects in a restaurant two blocks away.
d) You develop a new dish that mixes Polynesian, Turkish, and Indian cuisines.