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MBA,PHD, Juris Doctor
Strayer,Devery,Harvard University
Mar-1995 - Mar-2002
Manager Planning
WalMart
Mar-2001 - Feb-2009
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At a ski resort located over one hour from the nearest large town, there is only one grocery store and it charges prices more than 200% percent above the typical retail prices. In the long run, we would expect that:
| another store will open that will charge equally high prices since competition is low. |
| the store will continue to earn high profits even in the long run since the size of the market is small. |
| demand will decrease since people will not want to pay the high prices. |
| another store will open that will charge lower prices. |
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