Multiple Choice
A reason why there is more competition among restaurants than among large discount department stores is that restaurants
A) have to cater to a variety of consumer tastes while department stores do not.
B) unlike department stores, have to abide by government sanitation rules.
C) unlike department stores, do not have significant economies of scale.
D) have more elastic demand for their product compared to department stores.
Correct Answer:
Verified
Correct Answer:
Verified
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