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In which situation would Max's Doughnut Shop have the GREATEST market power? Within three miles, five other doughnut shops and three bakeries sell breakfast pastries.
In which situation would Max's Doughnut Shop have the GREATEST market power?
Within three miles, five other doughnut shops and three bakeries sell breakfast pastries.
Two rival doughnut shops are within three miles, but no other bakeries are in the area.
The closest doughnut shop is miles away, but a bakery with breakfast pastries is miles away.
The closest doughnut shop or bakery is miles away from Max's shop.
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