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I would tell you but then i would be out of business, so sarri sarri.

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βˆ™ 15y ago
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Q: How can a sari-sari store compete with other sari-sari stores?
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Continue Learning about Economics

What is a near monopoly?

A monopoly is when one store has an important piece of merchandise that no other store has, so they increase the price on that product thus making more money than the other stores. This is now illegal in the U.S


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a store that sells clothing, accessories, or other needs


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Why would a store be willing to lose money on a loss leader item?

The way stores do that trick is that they jack up the prices on the other items in the store to make up for the loss. That's why people say "There's no such thing as a free lunch."

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