By 2017, McDonalds had stopped selling Chicken McNuggets and other products made from chickens that had been
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By 2017, McDonald’s had stopped selling Chicken McNuggets and other products made from chickens that had been fed antibiotics. The change increased McDonald’s costs, but an article in the Wall Street Journal noted that “McDonald’s ability to raise its prices is limited because of stiff competition.” Does this “stiff competition” mean that the demand curve for McDonald’s Chicken McNuggets is horizontal? Briefly explain.
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