Compete also are driven out of business

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Reference no: EM1312328

Q1. When Wal-mart locates in a smaller town, often the local retailers (e.g., hardware, clothing, appliance store are unable to successfully compete also are driven out of business. why does Wal-Mart have a cost advantage over its competitors?

Q2. the demand also supply equations are the following:

Qd = 800 - 20P Qs = -100 + 10p

Solve algebraically also plot graphically for the marketplace- clearing price also quantity

Reference no: EM1312328

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