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3. Consider the spatial model of product differentiation. Parameterize the model with a monopolist for ( = 1, N = 2000, c = 5, R

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3. Consider the spatial model of product differentiation. Parameterize the model with a monopolist for ( = 1, N = 2000, c = 5, R = 15, t = 1, and F = 50. a) Solve for how many stores the monopolist will produce. b) Solve for how many stores are socially optimal

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