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Hotelling. Two firms, labeled 1 and 2, are located at the ends of a Hotelling line of length 1. L customers are uniformly distributed along

Hotelling. Two firms, labeled 1 and 2, are located at the ends of a Hotelling line of length 1. L customers are uniformly distributed along the line. Each customers wants to buy one unit of the product and the product is worth Vto each customer. A customer located distance d from a given firm incurs travel cost ml to purchase the product from that firm. Firms produce at constant marginal cost c

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