Two ice-cream stands are deciding where to locate along a one-mile beach. Each person sitting on the

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Two ice-cream stands are deciding where to locate along a one-mile beach. Each person sitting on the beach buys exactly one ice-cream cone per day from the stand nearest to her. Each ice cream seller wants the maximum number of customers. Where along the beach will the two stands locate?

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Economics

ISBN: 9781408093795

3rd Edition

Authors: Mark P. Taylor, N. Gregory Mankiw

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