Wednesday, November 20, 2013

Unit 1: The demise of Tie Rack: Allocative efficiency

As anyone who knows me will testify, I've never bothered the sales staff in Tie Rack. Now it appears, others are following my approach and not buying ties as Sky reports

http://news.sky.com/story/1170762/jobs-at-risk-as-tie-rack-exits-high-streets

a) How does this closure illustrate the idea of allocative efficiency

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