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Author Question: A monopoly is a firm that is the only seller of a good or service that does not have a close ... (Read 301 times)

waynest

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on: Jun 29, 2018
A monopoly is a firm that is the only seller of a good or service that does not have a close substitute.
 
  Indicate whether the statement is true or false

Question 2

A reason why there is more competition among restaurants than among large discount department stores is that restaurants
 
  A) have more elastic demand for their product compared to department stores.
  B) unlike department stores, do not have significant economies of scale.
  C) unlike department stores, have to abide by government sanitation rules.
  D) have to cater to a variety of consumer tastes while department stores do not.
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welcom1000

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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waynest

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Joy Chen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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