1 attempt remaining Do the following industries more closely resemble Monopolistic Competition market or Oligopoly? 1. The cell phone service industry 2. The airline industry, which has a few firms selling nearly identical products 3. The fast food industry, which has many firms selling differentiable products 4. The carryout pizza industry, which has a wide variety of shops 1 A. Monopolistic Competition B. Oligopoly Match each characteristic with the appropriate differentiation method: A. Consumer's Perception B. Intangible Aspects C. Physical Aspects D. Location where the product is sold B 1. One restaurant freezes their meat, while another does not A) 2. You had a bad stay at Motel 2. so in the future, you avoid them D 3. Many communities will try to support a local business e 4. In the United States, you may try to get gas on the right side of the road The table below presents data on demand curves faced by three firms: a perfect competitor, monopolist, and a monopolistic competitor. Quantiry Curve Curve 2 Curve 3 1 166 166 73 2 146 73 3 136 151 73 156 4 126 146 73 73 5 116 141 6 106 136 73 Which curve represents the demand curve faced by the monopolist? Curve Curve 2 Neither curve Submit answer Answers in progress Score