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You are the CEO of a national apparel retail chain and want to add three new stores. Which of the following tools will best help you find the most potentially profitable new locations?
Nondiscriminating Firms
Businesses that offer the same terms, conditions, and prices to all customers without any form of prejudice or favoritism.
Taste-For-Discrimination Model
An economic model that explains how personal preferences and biases of employers, workers, or consumers can lead to discrimination in hiring, wages, and consumer purchases.
Higher Wages
Wages that are above the average or standard level, often resulting from increased demand for labor, higher productivity, or specialized skills.
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