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Pete's Snacks enjoys a competitive advantage as a cost-leader because high demand for its products has allowed it to operate at the minimum efficient scale.
Pete's Snacks enjoys a competitive advantage as a cost-leader because high demand for its products has allowed it to operate at the minimum efficient scale. Which of the following scenarios would be most concerning to the managers of Pete's Snacks? Group of answer choices Pete's leading competitor develops a new low-sodium product. A wheat shortage raises input costs across the industry. Pete's most reliable production worker takes a job in another industry. A major winter storm shuts down Pete's production for several days
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