Which of the Following Statements About Retail Systems Is True

question 111

Multiple Choice

Which of the following statements about retail systems is true?

• A) One factor contributing to greater retail concentration is an increase in car ownership.
• B) The number of households with refrigerators leads to lesser retail concentration in developed countries.
• C) There is a tendency for greater retail concentration in many developing countries.
• D) Retail systems are very fragmented in developed countries.

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Definitions:

Marginal Products

The additional output resulting from a one-unit increase in the use of a particular input, holding all other inputs constant.

Exponents

Mathematical symbols representing the number of times a number or expression is multiplied by itself.

Production Function

A mathematical representation that defines the relationship between inputs used in production and the output generated from those inputs.

Returns To Scale

The rate at which production increases in response to proportional increases in all inputs.