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Title: You live in a small town and there is only one Indian restaurant in a town. The next Indian ... Post by: victor.m.rojas2 on May 19, 2020 You live in a small town and there is only one Indian restaurant in a town. The next Indian restaurant is 30 miles away. Is this Indian restaurant a monopoly?
▸ Yes, because the demand curve facing the Indian restaurant is downward sloping. ▸ No, because there are Indian restaurants in other towns. ▸ No, because there are close substitutes for the Indian restaurant such as other restaurants in town and Indian food sold in the local supermarket. ▸ Yes, because it is the only Indian restaurant in the town. Title: You live in a small town and there is only one Indian restaurant in a town. The next Indian ... Post by: gtur on May 19, 2020 Content hidden
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