The fact that supermarkets, a land-intensive form of organization, have become the dominant form of grocery store in the United States suggests that:

A) there is little or no potential for input substitution in the grocery store business.
B) transportation costs are insignificant in the grocery store business.
C) land is a relatively inexpensive input in the grocery store business.
D) labor is relatively inexpensive in the grocery store business.


C

Economics

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A tax imposed by a government on imports of a good into a country is called a

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Unions have been protected since 1935 by a federal law, the National Labor Relations Act (NLRA), which contains provisions for

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The least-cost way of producing a particular rate of output is represented by a point of tangency between a short-run average cost curve and the

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Economics