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Profits in the fast-food industry have been declining recently. Which of the following might explain this trend? I. Entrepreneurs recognize the profits to be earned

Profits in the fast-food industry have been declining recently. Which of the following might explain this trend? I. Entrepreneurs recognize the profits to be earned in joining the industry and drive down prices and profits. II. Consumers prefer fast food, increasing demand and prices. III. The invisible hand is moving firms out of the of fast-food industry

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