QUESTION 21 If you got a new job and were moved to Indianapo

QUESTION 21 If you got a new job and were moved to Indianapolis Indiana (population 800,000) you would expect to find more than 100 grocery stores (several Super Walmarts and Super Targets, several Krogers, Marshes and dozens of IGA affiliates and dozens more independent grocery stores), the market form is monopoly oligopoly perfect competition. QUESTION 22 Walmart hires approximately employees per Supercenter store. 100 200 300 450 QUESTION 23 The literature on job displacements suggests that when a new Walmart opens with 450 workers, between 75 percent and 133 percent of that number will be displaced elsewhere in the community. O between 45 percent and 65 percent of that number will be displaced elsewhere in the community. O between 25 percent and 35 percent of that number will be displaced elsewhere in the community. O between 5 percent and 15 percent of that number will be displaced elsewhere in the community.

Solution

21 The correct option is d, because the goods sold by each shop are homogenous and the number of sellers are large.

22. the correct option is c) because the total number of employees at walmart amounts to 1.5 million and have 5000 stores. Therefore employment per store = 1500000/5000 = 300.

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