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In More Developed Countries, a McDonald's Meal Is Considered to Be

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In more developed countries, a McDonald's meal is considered to be inexpensive. But in many less developed countries, a meal at a McDonald's restaurant may cost as much as a high-quality steak dinner at a traditional restaurant; moreover, on a weekend night, middle- and upper-class teenagers prefer to gather at McDonald's when they can. Suggest some factors that might explain this. Hypothesize as to the mixture of logistical or cultural factors that might be involved in raising McDonald's prices in a less developed country.

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There are several factors that could exp...

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