Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys their goods in large quantities and therefore at cheaper prices. Wal-Mart also locates its stores where land prices are low, usually outside of the community business district. Many customers shop at Wal-Mart because of low prices and free parking. Local retailers, like the neighborhood drug store,
often go out of business because they lose customers. This story demonstrates that:
a. consumers are boycotting local retailers.
b. Wal-Mart engages in illegal acts of monopolization.
c. there are diseconomies of scale in retail sales.
d. there are economies of scale in retail sales.
e. Wal-Mart is managed by ruthless business people.
d
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Monetary Policy Shortcomings ?
The most likely complementary good for cereal would be:
A. a bagel. B. milk. C. pizza. D. a sub sandwich.
With economies of scale came
A) larger families. B) simpler business forms. C) the need for management structures beyond what a family could offer. D) fewer economies of scope.
Savings banks and savings and loans are regulated by a combination of agencies which includes all of the following except:
A. The Federal Reserve System. B. The Comptroller of the Currency. C. state authorities. D. The Federal Deposit Insurance Corporation.