Answer to Question #122283 in Microeconomics for Summer-gyq

Question

Question 2 (Minimum 300*3=900 words, 6marks)
The advent of mobile shopping apps has led to an enormous growth in online shopping, particularly for electronic goods. Explain what effect is the introduction of shopping apps having on:

(a) Competition in the retail market for electronics.























(b) The profitability of the traditional brick-and-mortar retailers of electronics.

Answer 1

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