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1) Would you classify Wal-Mart as a price-setter or price-taker? 2) Assume the relevant costs exceed the revenues from the childrens meals at your restaurant.

1) Would you classify Wal-Mart as a price-setter or price-taker?

2) Assume the relevant costs exceed the revenues from the childrens meals at your restaurant. Would you decide to eliminate the childrens menu?

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