In the early twentieth century, general stores in the upper Midwest had more power over prices because:
a. they acted as intermediaries between farmers and buyers.
b. the transportation network was bad, leaving farmers and buyers with no alternatives except the general stores in small towns.
c. inventories at the general stores were low and demand was high.
d. stockouts were a chronic problem and there was little variety.
B
Economics
You might also like to view...
During the 1960s, the inflation rate and the unemployment rate were inversely related
a. True b. False Indicate whether the statement is true or false
Economics
A market structure in which there are many firms selling products that are similar but not identical is known as
a. oligopoly. b. monopoly. c. monopolistic competition. d. perfect competition.
Economics