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Sublight2097 Sublight2097
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8 years ago
If Safeway reduced its grocery prices below cost in a particular metropolitan area and kept them there until all other grocery stores in the area had been forced into bankruptcy, Walmart would almost certainly sustain huge net losses
A) in the short run and the long run because grocery stores would reappear quickly when Walmart subsequently set high prices.
B) in the short run but not in the long run because it could charge very high prices afterward.
C) in the short run but not in the long run because the policy would lower Walmart's costs of buying from suppliers.
D) only if the government enforced the antitrust laws in a fair and even-handed way.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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8 years ago
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Sublight2097 Author
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8 years ago
Seriously, you've been tremendously helpful! Thank you.
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#3
8 years ago
Don't mention it Happy Dummy
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