A retailer X that is operating at a loss gets bought out by a larger chain of department stores,which shuts down the brand,using its assets for their own brand,
A) Wealth is destroyed since the company shut down
B) Wealth is created since the resources were of lesser value under the X brand and are now worth more
C) Wealth is neither created nor destroyed since the total amount of resources stay the same
D) None of the above
Correct Answer:
Verified
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