Question
In the Hotelling model of locations (brands), if t = $3, the total number of consumers is 2,000 and fixed cost of setting up each
In the Hotelling model of locations (brands), if t = $3, the total number of consumers is 2,000 and fixed cost of setting up each location (brand) is $300, the firm will have _____ locations (brands) and the socially optimal number of locations (brands) is _______.
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
