Question

James wants to start his own fast food restaurant. Into which market structure is he venturing? James wants to start his own fast food restaurant. He is venturing into the market structure.

Answer 1

monopolistic competition

Step-by-step explanation:

I tried perfect competition and it was wrong. I searched it up and I believe this is the answer.

Answer 2

Perfect Competition market structure

Step-by-step explanation:

This exists where a good no of buyers and sellers trade in similar products at a closely related price.In such structure , it is difficult for a particular firm to influence the price of its product as there is little or very minimal influence on the price of the commodity.