Wendy's, McDonald's, Subway, KFC, and Burger King would all be characterized as an example of which form of competition?
A) cross-market competition
B) pure competition
C) oligopoly
D) monopolistic competition
E) monopoly
Answer: D
Wendy's, McDonald's, Subway, KFC, and Burger King would all be characterized as an example of which form of competition?
A) cross-market competition
B) pure competition
C) oligopoly
D) monopolistic competition
E) monopoly