Panera Bread restaurants have been a very popular fast-casual dining optionwith better food choices than fast-food restaurants
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Panera Bread restaurants have been a very popular “fast-casual” dining option—with better food choices than fast-food restaurants like McDonald’s and faster service and lower prices than traditional restaurants. Panera’s profit per restaurant is much greater than McDonald’s. Ten years from now, would you expect Panera’s economic profit per restaurant to be higher, lower, or about the same as it is today? Briefly explain.
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