In some countries, brand name fast-food restaurants are not allowed to operate. Such restrictions are likely to A. enhance the social welfare of society. B. increase the number of fast-food restaurants. C. reduce barriers to entry in imperfect markets. D. reduce the competitive nature of local fast-food markets.
In some countries, brand name fast-food restaurants are not allowed to operate. Such restrictions are likely to A. enhance the social welfare of society. B. increase the number of fast-food restaurants. C. reduce barriers to entry in imperfect markets. D. reduce the competitive nature of local fast-food markets.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q) In some countries, brand name fast-food restaurants are not allowed to operate. Such restrictions are likely to
A. enhance the social welfare of society.
B. increase the number of fast-food restaurants.
C. reduce barriers to entry in imperfect markets.
D. reduce the competitive nature of local fast-food markets.
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