Most Supermarkets Charge the Same Price for the Majority of Goods

question 34

Multiple Choice

Most supermarkets charge the same price for the majority of goods sold.This suggest that

• A)the government regulates prices of most products sold in supermarkets.
• B)supermarkets have colluded to fix prices on most of the goods sold.
• C)mark-ups reflect the degree of competition in the supermarket industry.
• D)the large supermarket chains are price leaders and smaller grocers take these prices as given.

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Definitions:

Lower Limb

The part of the body extending from the hip to the toes, including the thigh, leg, and foot.

Greater Number

Greater Number signifies a quantity larger than another quantity being compared.

Forearm

The region of the upper limb between the elbow and the wrist, encompassing the radius and ulna bones.

Medial Side

The medial side refers to a position closer to the midline of the body or a structure within the body.