Some Smaller Retailers Often Go Out of Business When Walmart

question 180

Essay

Some smaller retailers often go out of business when Walmart opens a new store.One of the reasons for this development could be that:
A.Walmart practices unfair pricing methods that reduce consumer surplus over time.
B.consumers in those areas receive no consumer surplus from Walmart.
C.consumers in those areas receive a larger consumer surplus from shopping at Walmart than from the smaller stores.
D.smaller stores increase prices to compete.

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Definitions:

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought and emotion.

Feminist Psychologists

Psychologists who apply feminist theories and principles to research, practice, and understanding psychological phenomena, often focusing on gender inequality and the experiences of women.

Research Methods

The strategies, techniques, and tools used by scientists to gather and analyze data in order to draw conclusions and advance knowledge.

Pseudoscience

A set of beliefs or practices mistakenly regarded as being based on scientific method.