Firms Such as Taco Bell and Chipotle Operate Hundreds of Restaurants

question 93

Multiple Choice

Firms such as Taco Bell and Chipotle operate hundreds of restaurants nationwide while firms such as El Pollo Loco operates only in five states.How would you characterize these stores?

• A)Taco Bell and Chipotle are oligopolists while El Pollo Loco is a monopolistic competitor.
• B)Taco Bell and Chipotle are duopolists while El Pollo Loco is a monopolistic competitor.
• C)Taco Bell and Chipotle are duopolists while El Pollo Loco is an oligopolist.
• D)They are all monopolistic competitors.

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Definitions:

Reaction

An operation where several reactants undergo a transformation to become different substances, known as products.

Free Radical Halogenation

A chemical reaction where halogens are added to alkanes or alkenes, involving free radicals, to produce haloalkanes.

Halogens

A group of elements found in Group 17 of the periodic table, known for their reactivity and usefulness in many chemical reactions.

Monochlorinated Products

Chemical compounds resulting from the addition of one chlorine atom to a molecule, often in organic chemistry reactions.