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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 49
A clothing store on fashionable Rodeo Drive charges more for the same clothes than another store in less fashionable Compton. Why does the first store charge more?
A) They have to pay a higher rent.
B) They know their customers can afford to pay more.
C) They advertise more.
D) Because they can.
A) They have to pay a higher rent.
B) They know their customers can afford to pay more.
C) They advertise more.
D) Because they can.
Explanation
Verified
Verified
Option b) is incorrect because it is not...
Microeconomics 9th Edition by Stephen Slavin
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