Decide whether each of the following statements is true or false and explain why:<\/p>
<\/p>
a. Fast food chains like McDonald's, Burger King, and Wendy's operate all over the United<\/p>
States. Therefore the market for fast food is a national market.<\/p>
<\/p>
b. People generally buy clothing in the city in which they live. Therefore there is a clothing<\/p>
market in, say, Atlanta that is distinct from the clothing market in Los Angeles.<\/p>
<\/p>
c. Some consumers strongly prefer Pepsi and some strongly prefer Coke. Therefore there is<\/p>
no single market for colas.<\/p>", "transcribed_text": "", "related_book": { "title": "Microeconomics An Intuitive Approach with Calculus", "isbn": "538453257, 978-0538453257", "edition": "1st edition", "authors": "Thomas Nechyba", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/643.jpg", "uri": "\/textbooks\/microeconomics-an-intuitive-approach-with-calculus-1st-edition-643", "see_more_uri": "" }, "free_related_book": { "isbn": "1962080110", "uri": "\/textbooks\/yellow-ribbon-dev-haskell-mystery-11-978-1962080118-161645", "name": "Yellow Ribbon Dev Haskell Mystery 11", "edition": "" }, "question_posted": "2024-06-13 15:10:39", "see_more_questions_link": "\/study-help\/questions\/business-accounting-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/shannons-kettle-corn-is-a-small-refreshment-stand-located-near", "description": "Shannons Kettle Corn is a small refreshment stand located near a football stadium. 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