Suppose that you have noticed that almost all of the car dealers in your city are located along a 3-block stretch of the same street.A likely reason for this clustering of car dealers is that:
A) the dealers are better able to form a cartel.
B) each dealer is attempting to locate closest to the customers.
C) there is a social norm in that city that dealers follow in choosing location.
D) each dealer sells a different brand of car,so they are not competitors and do not have to be concerned about the other dealers' locations.
Correct Answer:
Verified
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