In 2011, Red Robin Announced That It Would Open 12

question 49

Multiple Choice

In 2011, Red Robin announced that it would open 12 fast-casual restaurants, and in 2016 the company decided to abandon the fast-casual restaurant business.Which of the following reasons relating to the characteristics of monopolistic competition did the company give for getting out of the fast-casual restaurant business?

• A)Barriers to entry were too high.
• B)The restaurants were not differentiated enough from their full-service restaurants.
• C)There were very few buyers and sellers in the market.
• D)Standardized pricing in the industry gave them no potential to earn a profit.

---

Definitions:

Court Structure

The organized hierarchy of courts within a particular jurisdiction, ranging from lower courts to higher appellate courts, forming a framework for legal adjudication and appeal.

Standard of Proof

The level of certainty and the degree of evidence necessary to affirm a decision in criminal or civil proceedings.

Civil Action

A legal proceeding in which a person seeks to resolve a non-criminal dispute or claim against another party in a court of law.

Criminal Trial

A Criminal Trial is a legal process in which an accused person is tried in a court, judged by a jury or judge, and either found guilty or acquitted based on the evidence presented.