A Country with High Car Ownership, a Large Number of Households

question 97

Multiple Choice

A country with high car ownership, a large number of households with refrigerators, and a large number of two-income families tend to have _____.

• A) retail division
• B) retail dispersion
• C) retail concentration
• D) retail fragmentation

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Definitions:

Producer Surplus

The gap between the amount producers are prepared to accept for a product or service and the actual payment they get.

Maximum Sum

The largest possible aggregate or total achieved from combining specific elements or numbers.

Output

The amount of goods or services produced by a firm, industry, or economy within a given period, an indicator of productivity.

Diagram

A simplified drawing showing the appearance, structure, or workings of something, often used in education and technical fields.