Question
1.While shopping for books in stores.I noticed that P was well above AC. aIn what ways was book retailing competitive? bIn what ways did it
1.While shopping for books in stores.I noticed that P was well above AC.
aIn what ways was book retailing competitive?
bIn what ways did it depart from the competitive model?
cIn what ways did it depart from the monopoly model?
dHow might the stores be setting their prices?
eWhich methods are legal?
fWhat problems might the stores run into with pricing besides the law?
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An Inquiry Into The Nature And Causes Of The Wealth Of Nations
Authors: Adam Smith, R H Campbell
1st Edition
0865970068, 9780865970069
