Multiple Choice
Michaela lives in New York where there are hundreds of different shoe stores to shop at, which allows her to always find the best price on her favorite shoes. In this situation, the presence of many competitors results in
A) the use of predictive analytics.
B) a concentrated retail system.
C) a high elasticity of demand.
D) the use of prescriptive analytics.
E) inelastic demand.
Correct Answer:
Verified
Correct Answer:
Verified
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