which of the following is not an effect of many middlemen in the chain of...
ECONOMICS
WAEC 2015
which of the following is not an effect of many middlemen in the chain of production
- A. shortage of commodities
- B. low retail prices
- C. hoarding of goods
- D. high retail prices
Correct Answer: B. low retail prices
Explanation
middlemen intervention raise price for consumers. The real profit goes to the middlemen who buy up the farm products at almost give away prices and sell at outrageous prices to the consumers.
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