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Author Question: A successful local entrepreneur opens up the only Chevrolet dealership in a medium sized Texas town. ... (Read 87 times)

captainjonesify

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on: Jun 29, 2018
A successful local entrepreneur opens up the only Chevrolet dealership in a medium sized Texas town. Why does this not necessarily constitute a monopoly position?
 
  What will be an ideal response?

Question 2

Double taxation refers to
 
  A) individuals paying taxes on wage income and individuals paying taxes on dividends.
  B) corporations paying taxes on capital gains and individuals paying taxes on wage income.
  C) corporations paying taxes on profits and individuals paying taxes on dividends.
  D) corporations paying taxes on profits and individuals paying taxes on wage income.


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IAPPLET

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Reply #1 on: Jun 29, 2018
Answer to Question 1

First of all it may be that even though there are no Chevrolet dealerships in town that doesn't imply that there aren't any other competitors like Ford, Chrysler, Toyota or Honda. And even if that wasn't' the case buyers may find it useful to car shop in nearby towns.

Answer to Question 2

C


captainjonesify

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Reply 2 on: Jun 29, 2018
Excellent

chereeb

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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