On a national level, the concentration ratio for grocery stores is very low. But, the "true" market for grocery stores is local in nature. What limitation does the geographic market put on the measure of concentration for grocery stores?
A) On the local level, grocery stores are more concentrated than they appear on the national level.
B) On the local level, grocery stores are not as concentrated as they appear on the national level.
C) The level of concentration is overestimated when viewing the national level.
D) Both answers A and C are correct.
A
Economics
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A _____ between a parent company and the operator of a local outlet specifies each party's duties and the structure of payments that link them, and can turn the combined organization into a stronger competitor
a. volumetric interdependence b. franchise contract c. joint venture d. buy-sell transaction
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