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Business, 02.12.2019 19:10

In a monopolistically competitive market like restaurants, large capital-intensive firms like mcdonald’s may co-exist with more labor-intensive mom-and-pop shops. in this case, higher labor costs would tend to favor the survival of large-scale capital-intensive firms more than the small firms. domestic restaurant firms more than the foreign firms. foreign firms more than the large-scale capital-intensive firms. small firms more than the large-scale capital-intensive firms

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