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4 Supply and Demand Economics LEARNING OBJECTIVE: Determine the effects of supply and demand on different economies. 464 A national fast-food chain competes with other

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4 Supply and Demand Economics LEARNING OBJECTIVE: Determine the effects of supply and demand on different economies. 464 A national fast-food chain competes with other fast- food companies by pricing its fried chicken sandwiches low and advertising its special seasonings. In which of the following economic markets is the fast-food chain operating? a.) Monopolistic competition b.) Oligopoly c.) Perfect competition d.) Monopoly @ app.sophia.org

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