Business, 14.02.2020 04:05 superfly903

A town has many fast food restaurants, which charge an average of $6 for a hamburger. However, one fast food restaurant charges $10 for a hamburger and remains very competitive. Which of the following situations could not, by itself, explain this restaurant’s ability to charge a higher price?a. The restaurant is in a convenient location near several schools and businesses. b. The restaurant pays higher monthly rent than its competitors. c. The restaurant has been around for many years and customers have a nostalgic preference for it. d. The restaurant offers its milkshakes and fries for a price below the market average.

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A town has many fast food restaurants, which charge an average of $6 for a hamburger. However, one f...

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