Today,the Low Cost of Setting Up Shop Makes It Even

question 86

Multiple Choice

Today,the low cost of setting up shop makes it even more profitable to serve very small niches.

• A)in malls in major cities
• B)far from competitors
• C)on the Internet
• D)near major competitors
• E)in central business districts

Analyze the impact of technological advances on market outcomes.

Comprehend the law of supply and the law of demand.

Identify the consequences of changes in factors other than the good's own price on supply and demand.

Understand how changes in the price of complementary and substitute goods affect demand.

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Definitions:

Holocaust

The systematic, state-sponsored persecution and murder of six million Jews and millions of others by the Nazi regime and its collaborators during World War II.

Genocide

The deliberate killing of a large number of people from a particular nation or ethnic group, with the aim of destroying that nation or group.

Greater Germany

A term historically associated with nationalist movements seeking the unification of all German-speaking peoples into a single nation-state, significantly influential in the lead-up to World War II.

Vichy Regime

The government of unoccupied France after its capitulation to Nazi Germany in 1940, headquartered in the town of Vichy.