Reilly's Law Is Based on Two Assumptions,one of Which Is

question 14

Multiple Choice

Reilly's law is based on two assumptions,one of which is:

• A) population is a good indicator of the differences in the goods and services available in different cities.
• B) retail competitors are of equal size.
• C) the two competing cities are unequally accessible from the major road.
• D) smaller cities will attract shoppers from larger communities.
• E) price fixing occurs between retailers.

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Definitions:

Broker

A person or firm that acts as an intermediary between a buyer and seller, usually charging a commission.

Multiple Insurance Clause

A provision in insurance policies that outlines how claims will be handled when more than one policy covers the same loss.

Fidelity Insurance

A form of insurance coverage that protects businesses from losses due to fraudulent acts by employees, such as embezzlement or theft.

Proportionate Share

An individual's or group's fair or equitable portion of a whole, often related to shares in a company or distribution of assets.