Kizspy | Question: 37
(Choose 1 answer)
Pevantar Jom
Hotels in Bùi Viện (Ho Chi Minh City) used to experience an average vacancy rate of about 20 percent (on an
average night, 80% of the hotel rooms are full). This kind of excess capacity is of what kind of market?
A. monopoly
B. perfect competition
C. monopolistic competition
D. oligopoly
