I BET NO ONE KNOWS THIS Three restaurants in town sell hamburgers. Restaurant A increases the price of its hamburger to $2; Restaurants B and C follow the example and increase the price of their hamburgers

I BET NO ONE KNOWS THIS Three restaurants in town sell hamburgers. Restaurant A increases the price of its hamburger to $2; Restaurants B and C follow the example and increase the price of their hamburgers to $2 as well. This an example of:

A. perfect competition.

B. a monopoly.

C. monopolistic competition.

D. an oligopoly.

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I BET NO ONE KNOWS THIS Three restaurants in town sell hamburgers. Restaurant A increases the price of its hamburger to $2; Restaurants B and C follow the example and increase t…

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