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Consider a manufacturing firm that occupies one hectare of land. The firm transports over half of its output on trucks via an interstate highway four
Consider a manufacturing firm that occupies one hectare of land. The firm transports over half of its output on trucks via an interstate highway four miles east of the city center (x = 4), and transports less than half of its output on airplanes that leave from an airport seven miles east of the city center (x = 7). Draw the firm's bid rent curve from X = 0 to X = 10.
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