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  (iv) The government is proposing to increase the level of minimum wage rate for workers

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(iv) The government is proposing to increase the level of minimum wage rate for workers. If you are the owner of this firm, what would be your concern on the (1 mark) issue. c) Majority of businesses are operating in a monopolistically competitive market. During economic crisis where demand for products sold by monopolistically competitive firms are declining, what two practical actions that businesses can do to maintain their sales? Provide specific examples in your answer. (3 marks)