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Posts: 195
3 weeks ago
It is common in most towns that major department stores are locating next to each other. Provide an intuitive explanation of this common finding.
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Microeconomics: Principles, Applications, and Tools
Edition: 8th
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3 weeks ago
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Location is one of the most important factors when consumers decide where to shop. It is natural that department stores tend to locate where the population is densest. This means that department stores are trying to increase their market shares by positioning themselves where the largest number of prospective customers live.
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