People who live in the town of Madisonville can buy food at one of five different grocery stores. Because the grocery stores must compete with each other for customers, which of the following best explains how this impacts residents of Madisonville?
Residents are not allowed to choose where they shop.
Residents pay lower prices for groceries.
Residents often deal with shortages of food.
Residents have limited varieties of food available to them.

Question

People who live in the town of Madisonville can buy food at one of five different grocery stores. Because the grocery stores must compete with each other for customers, which of the following best explains how this impacts residents of Madisonville?
Residents are not allowed to choose where they shop.
Residents pay lower prices for groceries.
Residents often deal with shortages of food.
Residents have limited varieties of food available to them.

anonymous · Answer

@IQ250

anonymous · Answer

please help :)

anonymous · Answer

The grocery stores need to keep prices low to attract customers, which benefits the customers because they can chose where to shop to get the best prices.

anonymous · Answer

Please post questions like this in Business Skills.