The standard assumption in the single-server model is that there is an infinite number of customers and that customers will wait in line as long as it takes to get served

Indicate whether the statement is true or false

TRUE

Business

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First-mover advantages are the advantages that accrue to early entrants into a market

a. true b. false

Business

Explain the pricing strategy being implemented when a retail store places the store's generic brand items next to the national brand items when the national brand items have a slightly higher price than the generic brand item

Why would a retailer do this?

Business