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In a town where a single firm is the sole employer, if the firm invests heavily in new, location-specific machinery that cannot be moved, its next best alternative to operating in the town becomes significantly worse. This change ________ the firm's structural power in negotiations with the citizens.
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In a town where a single firm is the sole employer, if the firm invests heavily in new, location-specific machinery that cannot be moved, its next best alternative to operating in the town becomes significantly worse. This change ________ the firm's structural power in negotiations with the citizens.
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