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24) Consider one ice cream seller having the opportunity to locate one booth somewhere along a beach. Assume there are 100 people uniformly distributed at

24) Consider one ice cream seller having the opportunity to locate one booth somewhere along a beach. Assume there are 100 people uniformly distributed at the beach. The reservation price is V and all consumers are supposed to buy.

Illustrate in a figure the location where the seller is going to locate the booth, and illustrate the price, the transportation cost, the reservation price.

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