Since the 1980s, Wal-Mart Stores Have Appeared in Almost Every

question 392

Multiple Choice

Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys its goods in large quantities and, therefore, at cheaper prices. Wal-Mart also locates its stores where land prices are low, usually outside of the community business district. Many customers shop at Wal-Mart because of low prices. Local retailers, like the neighborhood drug store, often go out of business because they lose customers. This story demonstrates that

• A)consumers do not react to changing prices.
• B)there are diseconomies of scale in retail sales.
• C)there are economies of scale in retail sales.
• D)there are diminishing returns to producing and selling retail goods.

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Definitions:

Psychodynamic Therapy

A therapeutic approach emphasizing understanding the psychological roots of emotional suffering through exploration of the patient's unconscious processes and conflicts.

Gambling Disorder

A behavioral addiction that involves problematic gambling behavior leading to significant impairment or distress, often characterized by a persistent and recurrent maladaptive gambling pattern.

Internet Use Disorder

A condition marked by excessive and problematic use of the internet, leading to significant impairment or distress.

Intoxicated Person

An individual who is under the influence of alcohol or other psychoactive substances, impairing cognitive and motor functions.