Walmart built the base of its retailing market power in small cities and towns. In most of those towns, the size of the marketplace is so small that only one large retailer can successfully exist. This resulted in
A. secure strategy.
B. first-mover advantage.
C. adverse selection.
D. extension form.
Answer: B
Economics
You might also like to view...
A $50 billion increase in both government spending and taxes will
A) increase GDP by less than $50 billion. B) not change the level of GDP. C) increase GDP by $50 billion. D) increase GDP by more than $50 billion.
Economics
If all banks are loaned up and so will not make further loans, a $1,000 deposit creates $1,000 in new money.
Answer the following statement true (T) or false (F)
Economics