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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 12
Do small convenience stores charge higher prices (on average) than large supermarkets charge because the small stores have higher overhead costs per unit of sales? How can a seller induce customers to pay a higher price for a product than they would have to pay elsewhere?
Explanation
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Supermarket prices are those that prevai...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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