Why does Taco Bell have no real competition?
I know there's Del Taco, but they have way less locations, some might argue Chipotle but they're a completely different business model. Contrast them with say McDonalds, they have to deal with Burger King, Jack N the Box, Carls/Hardys, Wendys, etc. Dominos, Little Ceasars, Pizza Hut, and Papa Johns all have to compete with each other in the pizza market. KFC, Popeyes, Raising Cane's have their chicken wars. But Taco Bell? They're pretty much by themselves.