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Sublight2097 Sublight2097
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7 years ago
Percentage markups are characteristically lower in supermarkets than in convenience stores because
A) convenience stores must charge high markups to compensate for low volume.
B) marginal revenue is greater in supermarkets than in convenience stores.
C) supermarkets are able to operate with a lower percentage return on investment.
D) supermarkets can take advantage of quantity discounts.
E) the demand curves of customers patronizing supermarkets tend to be more elastic.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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#1
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7 years ago
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Sublight2097 Author
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#2
7 years ago
Another one in the books, marking it solved.
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#3
7 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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