Does this "stiff competition" mean that the demand curve for McDonald's Chicken McNuggets is horizontal? Briefly explain.
A. Yes, the demand curve is horizontal because McDonald's has market power.
B. No, the demand curve is not horizontal because Chicken McNuggets are not identical to other chicken products.
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Home » Business » Does this "stiff competition" mean that the demand curve for McDonald's Chicken McNuggets is horizontal? Briefly explain. A. Yes, the demand curve is horizontal because McDonald's has market power. B.