Which of the following is least accurate in characterizing changes in retailing in the second half of the 19th century?
a. Large growth in the number of department stores
b. Large growth in the number of chain stores
c. Large growth in the number of "general stores"
d. Large growth in the number of mail-order houses
c. Large growth in the number of "general stores"
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An electricity provider charges consumers $0.20 per kWh for the first 100 kWh, $0.25 per kWh for the next 50 kWh, and $0.27 per kWh for all subsequent kWH of usage. This would be considered
A) an antitrust violation. B) an example of increasing-block pricing. C) bad business practices. D) an example of three-part pricing.
A graph shows pricing and demand data compiled from the purchasing departments of more than 100 companies. This graph most likely shows a(n) ______.
a. market demand schedule b. individual demand schedule c. market demand curve d. individual demand curve