Think About All the Restaurants That Are Located near Your

question 131

Multiple Choice

Think about all the restaurants that are located near your campus. You have probably noted some new ones appearing, and others closing because of lack of business. What type of competition exists in the restaurant business?

• A) monopolistic competition
• B) oligopolistic competition
• C) an oligopoly
• D) perfect competition

---

Definitions:

Demand for Loanable Funds

The desire for borrowing money, driven by the need for investment funds across the economy.

Quantity of Loanable Funds

This refers to the amount of money available for borrowing in the financial market at a particular rate of interest.

Demand-for-loanable-funds

The desire or need for borrowing money, driven by individuals, businesses, or governments, often influenced by interest rates.

Supply-of-loanable-funds

Supply-of-loanable-funds is an economic concept depicting the amount of capital available for borrowing in the financial markets, influenced by savings and the desire of investors to lend money.