The restaurant industry has a market structure that comes closest to:

CA Foundation · Business Economics · MTP · January 2026
The restaurant industry has a market structure that comes closest to:
(A) A. Monopolistic competition
(B) B. Oligopoly.
(C) C. Perfect competition.
(D) D. Monopoly.

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Oligopoly.

Topics: Price Determination in Different Markets

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