The statement is true.
The existing network and registered consumer base gives them economies of scale and make them a preference of the consumers any new entrant in the market will have to face a lot of problem in the market i.e. have to incur considerable cost.
Chain shops or more than one store is a retail company composed of or extra retail shops, owned by and operated underneath one management. a chain save is the number of retail shops operating underneath not unusual ownership and management constitute a series.
Inside the enterprise world, a series method a set of shops (typically or greater). They possess the equal call (brand), and cling to comparable company store rules, sell identical products, and often owned by using the same determined economies. Right here, think about Wal-Mart as a series of mass-retail supermarkets.
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Answer: D) rising;falling
Explanation:
Two important trends in the labor force participation rates of adults aged 20 and over in the United States since 1948 are the rising labor force participation rate of adult women and the falling labor force participation rate of adult men.
Answer:
Nominal labor productivity
Explanation:
Nominal labour productivity because output per worker rises due to increase in human capital. It is also defined as the value of all goods and services produced less the value of any goods or services used in their creation.
Answer:
Price is lower than ; Quantity is higher than Monopolistic Competition
Explanation:
Perfect Competition is a market form with many buyers & sellers, selling homogeneous products at constant prices. Having uniform prices, It has perfectly elastic horizontal demand (Average Revenue) curve, ie = Marginal Revenue curve. Equilibrium price is where MR = MC ; So price = MC. This leads to optimal quantity supplied in market
Monopolistically competitive is market form having many sellers, selling slightly differentiated products, at different prices. Their demand curve (AR curve) is usually downward sloping, lies above the MR curve. Market equilibrium quantity is determined at MR = MC. The corresponding price is determine as per higher demand (AR) curve. Price > MC implies less than optimal quantity supplied in markets
Hence : Broccoli would be lower priced & higher supplied in case of perfect competition market, relatively higher priced & less supplied in case of monopolistic competition market.
