Prices Are Usually Higher in Convenience Stores Than in Supermarkets

question 120

Multiple Choice

Prices are usually higher in convenience stores than in supermarkets because convenience stores offer:

• A) more specialty goods
• B) a wider variety of products
• C) a higher level of customer services
• D) better location,longer hours,and faster service
• E) higher quality goods

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Definitions:

Treble Damages

A legal remedy that allows for triple the amount of actual damages to be awarded to a plaintiff in certain cases, often involving willful violations of the law.

Antitrust Suit

Legal actions taken against individuals or organizations to prevent unfair competition, monopoly practices, and to promote market fairness and consumer welfare.

Sherman Act

A United States antitrust law passed in 1890 that outlaws monopolistic business practices.

Conspiracy

Conspiracy is an agreement between two or more persons to commit an illegal act or to accomplish a legal end through illegal means.