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 89 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
Great answer, keep it coming :)

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

bio industry bio industry
The Acheulean industry is typified by hand axes and cleavers. The Acheulean industry is typified by hand axes and cleavers.
A medical records department. (Paper records are becoming obsolete, replaced by electronic records.) A medical records department. (Paper records are becoming obsolete, replaced by electronic records.)
The U.S. Department of Agriculture offers the SuperTracker tool to help you track, analyze, and plan ... The U.S. Department of Agriculture offers the SuperTracker tool to help you track, analyze, and plan ...
Kyoto Protocol encourages industry to innovate and reduce the level of emissions Kyoto Protocol encourages industry to innovate and reduce the level of emissions
Individuals from highly divergent lines created by artificial selection Individuals from highly divergent lines created by artificial selection
Video: Cellular slime mold life cycle Animation

For a complete list of videos, visit our video library