In 2019, an article in the Wall Street Journal noted that the Nestl company was facing fierce
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In 2019, an article in the Wall Street Journal noted that the Nestlé company was facing “fierce competition” in the markets for its Nescafé coffee and KitKat chocolate bars. Does this “fierce competition” mean that the demand curves for Nescafe coffee and KitKat chocolate bars are horizontal? Briefly explain.
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No the term fierce competition does not necessarily imply that the demand curves for Nes...View the full answer
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