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Answer to Question #55102 in Microeconomics for mini
Question #55102
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
(c) The consumer surplus of purchasers of electronics
(a) Competition in the retail market for electronics
(b) The profitability of the traditional brick-and-mortar retailers of electronics
(c) The consumer surplus of purchasers of electronics
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