Multiple Choice
Firms such as Taco Bell and Chipotle operate hundreds of restaurants nationwide while firms such as El Pollo Loco operates only in five states.How would you characterize these stores?
A) Taco Bell and Chipotle are oligopolists while El Pollo Loco is a monopolistic competitor.
B) Taco Bell and Chipotle are duopolists while El Pollo Loco is a monopolistic competitor.
C) Taco Bell and Chipotle are duopolists while El Pollo Loco is an oligopolist.
D) They are all monopolistic competitors.
Correct Answer:
Verified
Correct Answer:
Verified
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