Multiple Choice
Firms such as Costa Coffee and Starbucks Coffee operate hundreds of coffeehouses nationwide while firms such as Delight Coffee operate only in few cities. How would you characterize these stores?
A) Costa Coffee and Starbucks Coffee are oligopolists while Delight is a monopolistic competitor.
B) Costa Coffee and Starbucks Coffee are duopolists while Delight is an oligopolist.
C) Costa Coffee and Starbucks Coffee are duopolists while Delight is a monopolistic competitor.
D) They are all monopolistic competitor.
Correct Answer:
Verified
Related Questions
Q2: In what sense is a firm in
Q3: Suppose Dar Al -Shorouk, the Beirut -based
