Author Question: Which of the following is a reason behind Wal-Mart's success? a. Absence of unionization and ... (Read 23 times)

pragya sharda · **on:** Jun 30, 2018

Which of the following is a reason behind Wal-Mart's success?
a. Absence of unionization and encouragement of merit-based promotions.
b. Complete control over the market price.
c. Presence of regional managers in the field rather than at headquarters.
d. Centralized control and inspection over the functioning of store managers.

Question 2

In equilibrium under monopolistic competition:
a. marginal revenue exceeds average revenue.
b. marginal revenue exceeds marginal cost.
c. marginal revenue is equal to marginal cost.
d. marginal revenue is less than marginal cost.