
A reason why there is more competition in the restaurant industry than in the music streaming industry is that restaurants
A) have to cater to a variety of consumer tastes while music streaming companies do not.
B) unlike music streaming companies, have to abide by government sanitation rules.
C) unlike music streaming companies, do not have significant economies of scale.
D) have more elastic demand for their product compared to music streaming companies.
Correct Answer:
Verified
Q18: Which of the following is not a
Q19: An oligopolist differs from a perfect competitor
Q20: A characteristic found only in oligopolies is
A)break-even
Q21: Which of the following is not a
Q22: As a measure of competition in an
Q24: Economies of scale can lead to an
Q25: A four-firm concentration ratio measures
A)the extent to
Q26: Oligopolies exist and do not attract new
Q27: Patents, tariffs, and quotas are all examples
Q28: Which of the following is not part
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