Long run average costs fall as output (q) increases Select one: a. Constant Returns to Scale b. Diseconomy of Scale c. Economy of Scale d. Decreasing Returns to Scale e. Increasing Returns to Scale

Identify an experience good. Identify a search good. How does the retailing of the experience good differ from the retailing of the search good? Do these differences help consumers?

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COVID-19 Lockdown Price FreezeYou have been appointed as the Marketing Manager of Makro, Massmart CEO Mitchell Slape hasassigned you tasks and requires you to write a report that will be presented at the next Massmart Boardmeeting. You are encouraged to conduct further research on the company.Background issues1Massmart . is a South African firm that owns local brands such as Game, Makro, Builder's Warehouse,Cambridge Food and Cash & Carry stores.2Massmart announces a price freeze in all their brands for the duration of the 21-day nationwidelockdown. This will involve. suspending price adjustments that were scheduled, as part of the normalcourse of business, before the lockdown was announced. Fresh produce, which is procured daily fromfresh produce markets around the country, is the only category that is not included in this announcement.3Commenting on the decision, Massmart CEO Mitchell Slape said: “This is an unprecedented time forSouth Africa and the. world. As we all come to…

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Question: What is another name for opportunity cost in economics?(a) Economic problem(b) Marginal Cost(c) Total Cost(d) Economic CostPlease Dont use AI tool.