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monopolistic competition

monopolistic competition

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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K Mariano's Hacienda Ranch is a Mexican restaurant in Dallas. Founder Mariano Martinez is not only known for serving up great Mexican food, but also for being the inventor of the world's first frozen margarita machine, which he began using soon after opening his first restaurant in 1971. (His original frozen margarita machine resides in the Smithsonian's National Museum of American History!) Mariano's continues to this day to create unique varieties of margaritas as well as one-of-a-kind twists on classic Mexican cuisine. Mariano's Hacienda Ranch is an example market organization. of OA. oligopoly OB. monopolistic competition OC. perfect competition OD. monopoly
Transcribed Image Text:K Mariano's Hacienda Ranch is a Mexican restaurant in Dallas. Founder Mariano Martinez is not only known for serving up great Mexican food, but also for being the inventor of the world's first frozen margarita machine, which he began using soon after opening his first restaurant in 1971. (His original frozen margarita machine resides in the Smithsonian's National Museum of American History!) Mariano's continues to this day to create unique varieties of margaritas as well as one-of-a-kind twists on classic Mexican cuisine. Mariano's Hacienda Ranch is an example market organization. of OA. oligopoly OB. monopolistic competition OC. perfect competition OD. monopoly
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