All of the Following Are Advantages of Online Retail Except

question 8

Multiple Choice

All of the following are advantages of online retail except:

• A) lower supply chain costs.
• B) lower cost of distribution.
• C) ability to change prices.
• D) faster delivery of goods.

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Definitions:

Pareto Optimal

A situation where resources are distributed in such a way that improving one person's condition inevitably leads to the detriment of another individual.

Public Goods

Items or services that are non-excludable and non-rivalrous, meaning they can be used by anyone without diminishing their availability to others.

Private Consumption

The totality of goods and services consumed by private individuals, as opposed to those consumed by the government or businesses.

Marginal Products

The additional output that is produced by adding one more unit of a specific input, holding all other inputs constant.