Question

Curry Rush is a premium Asian restaurant chain that differentiates itself from a large number of competitors by providing exclusively organic Vietnamese cuisine. It has some pricing power because it provides differentiated products and therefore, has some entry barriers in place. In this scenario, Curry Rush is most likely operating in a(n)

Answer 1

Monopolistically competitive industry

Step-by-step explanation:

• Monopolistic competition is characterized by including monopoly and perfect competition, and it tries to combine elements of each.
• All of the companies that belong to this system are price makers because they have basically the same low degree of market power.
• These kind of companies tend to advertise heavily.