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Which type of variable explains or causes the change in the dependent variable?
Four-Firm Concentration Ratio
A metric that represents the market share of the four largest firms in an industry as a percentage of the total industry's output.
Restaurant Industry
A sector of the economy comprising establishments primarily engaged in preparing and serving meals, snacks, and beverages for immediate consumption.
Metropolitan Area
A region consisting of a densely populated urban core and its less-populated surrounding territories, sharing industry, infrastructure, and housing.
Monopolistically Competitive
A business environment defined by numerous companies offering products that are alike but not exactly the same, providing them with a certain level of influence over the market.
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