Suppose That You Have Noticed That Almost All of the Car

question 21

Multiple Choice

Suppose that you have noticed that almost all of the car dealers in your city are located along a three-block stretch of the same street. A likely reason for this clustering of car dealers is that:

• A)the dealers are better able to form a cartel.
• B)each dealer is attempting to locate closest to the customers.
• C)there is a social norm in that city that dealers follow in choosing location.
• D)each dealer sells a different brand of car, so they are not competitors and do not have to be concerned about the other dealers' locations.

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Definitions:

Self-reward

A personal incentive one gives oneself as a form of recognition for achieving a goal or completing a task.

Left-brain Thinking

Logical, analytical, and objective thought processes associated with the left hemisphere of the brain.

Conceptual Age

A period in human history characterized by the value of creativity, empathy, and conceptual thinking in the economy.

Fear

An unpleasant emotion caused by the belief that someone or something is dangerous, likely to cause pain, or a threat.