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

CA Foundation · Business Economics · RTP · 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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