There are two types of labor in the economy: skilled labor LS and unskilled labor LU . Of course, skilled and unskilled labor earn dierent wages: WS…
September 3, 2020
Find a product that is sold at different prices for different bundles or different groups of consumers (strategic pricing).
September 3, 2020

when walmart located in a smaller town, often the local retailers hardware, clothing and appliance are unable to successfully compete and are driver out of business why does walmart have a cost advantage over its competitor and charge lower prices? If Wal-mart drove its competitors out of business, and behave like an unregulated monopoly, what would happen to its prices and why?

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