This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Discount Department Stores industry is highly concentrated. What does this mean? A) The sales ... (Read 103 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jun 29, 2018
The Discount Department Stores industry is highly concentrated. What does this mean?
 
  A) The sales volume in this industry is consistently high.
  B) There are many large stores such as Wal-Mart, Target, Kohl's, in this industry.
  C) A few large stores account for a significant portion of industry sales.
  D) There is cut-throat competition in this industry because there are no entry barriers.

Question 2

Refer to Figure 12-1. If the firm is producing 700 units, what is the amount of its profit or loss?
 
  A) profit equivalent to the area A
  B) loss equivalent to the area A
  C) loss of 280
  D) There is insufficient information to answer the question.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnharpe

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Arii_bell

  • Member
  • Posts: 596
Reply 2 on: Jun 29, 2018
Wow, this really help

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

bio industry bio industry
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
How Oxygen-16 Becomes More Concentrated in Glacial Ice How Oxygen-16 Becomes More Concentrated in Glacial Ice
A physical therapist exercising the patient’s leg in a physical therapy department. A physical therapist exercising the patient’s leg in a physical therapy department.
Kyoto Protocol encourages industry to innovate and reduce the level of emissions Kyoto Protocol encourages industry to innovate and reduce the level of emissions
Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ... Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ...
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library