Multiple Choice
Wal-Mart makes bulk purchases from its vendors and hence it is able to get better deals than its competitors. This allows Wal-Mart to offer greater discounts to its customers. In this case, Wal-Mart benefits from _____.
A) first-mover advantage
B) constant marginal returns
C) economies of scale
D) absolute advantage of production
Correct Answer:
Verified
Correct Answer:
Verified
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