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Indicate whether the statement is True, False, or Uncertain and explain your answer. Your mark for these questions will depend entirely on your answer. Answers
Indicate whether the statement is True, False, or Uncertain and explain your answer. Your mark for these questions will depend entirely on your answer. Answers should include a diagram.
Consider the simplified version of Weber's model in which the cost of transporting output to the market is assumed to be zero. If there are no transshipment costs and transportation costs are fixed per unit of output and proportional to distance, the firm will always locate at the point of production of the input with the lowest terminal costs.
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