What would you expect to happen to the proportion of big chain restaurants relative to mom-and-pop restaurants

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What would you expect to happen to the proportion of big chain restaurants relative to mom-and-pop restaurants in a town that lowers its minimum wage? Will the proportion change due to exits or due to entrances? Which type of restaurant will see more in the way of exits or entrances? Why?

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Economics

ISBN: 9781264112272

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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