9. Taste of India is a small restaurant in a small town. The owner of Taste of

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9. Taste of India is a small restaurant in a small town. The owner of Taste of India marks up his dishes by 300%. Indian Cuisine is a small restaurant in a large city. The owner of Indian Cuisine marks up her dishes by 200%. Explain why the markup is higher in the small town.

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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