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Describe the Two Basic Factors That Account for Greater Market

question 39

Essay

Describe the two basic factors that account for greater market similarities among industrial goods customers than among consumer goods customers.


Definitions:

Sectional Divisions

Regional disagreements and conflicts within a country, often based on economic, social, or political differences.

Munn v. Illinois

An 1877 U.S. Supreme Court case that upheld the power of state governments to regulate private industries in the public interest.

Supreme Court

The highest federal court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

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