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Spatial Competition (Dorfman Ch. 11 pg. 130-131) (3 points) Name two industries (for each part) in the real world that you believe reasonably fit the

Spatial Competition (Dorfman Ch. 11 pg. 130-131)

(3 points) Name two industries (for each part) in the real world that you believe reasonably fit the mold of:

a. Hotelling-Smithies competition

b. Loschian competition

c. Classic oligopoly-style price competition (matching price decreases but not price increases) For example, airlines would be a good example for part (c). Please also explain why they fit that mold.

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