Phenomenal increase in the number of customers

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Traditional brick and mortar retail stores are losing their customer base while their online competitors are seeing phenomenal increase in the number of customers. Examine the differences and similarities (where possible) in the two modes of retail in terms of the following economic concepts: a) Production and Cost Analysis in the Short Run and Long Run b) Market structure (Perfect Competition, Monopoly & Monopolistic Competition, Oligopoly) c) Pricing Strategies

Reference no: EM131171479

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