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Suppose that two stores, Shop A and Shop B, are located at the very ends of a 1-mile long street, and 1000 customers are distributed
Suppose that two stores, Shop A and Shop B, are located at the very ends of a 1-mile long street, and 1000 customers are distributed uniformly along the street. Consumers find travel costly, although not impossibly so. If the firm are mandated to set equal prices, so PA =$3.00 and PB =$3.00. Where is the indifferent consumer? Group of answer choices It is impossible to determine. All of the customers are indifferent. There is no indifferent customer. The indifferent consumer is half way between the stores
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