Business, 06.04.2020 17:00, ftbluedevil

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:. a) large-scale capital-intensive firms more than the small firms. b) domestic restaurant firms more than the foreign firms. c) foreign firms more than the large-scale capital-intensive firms. d) small firms more than the large-scale capital-intensive firms

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In a monopolistically competitive market like restaurants, large capital-intensive firms like McDona...