Business, 07.04.2020 01:21 superfly903

Determine which market model best describes the scenario:
There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer they can. While pasta manufacturers must pay licensing fees to their local government and undergo regular food-safety inspections, anyone who has passed inspections can acquire and maintain their license.

a) Monopolistic Competition
b) Oligopoly
c) Perfect Competition
d) Monopoly

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Determine which market model best describes the scenario:
There are dozens of pasta producers...

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