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1. Identify an example of an industry that operates with low turnover ratios and high margins and another example of an industry that operates with

1. Identify an example of an industry that operates with low turnover ratios and high margins and another example of an industry that operates with high turnover ratios and low margins. In each case, illustrate your example using the ratios for a representative firm in the industry and explain the features of the industrys production technology that lead to these ratios

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