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The bid-rent function of manufactures and firms in the information sector (office-based businesses) share common features, but also have a significant difference. Write the two
The bid-rent function of manufactures and firms in the information sector (office-based businesses) share common features, but also have a significant difference. Write the two bid-rent functions and identify the primary difference between the two bid-rent functions. Why is that difference important? Why is the bid-rent function for a firm in the information sector steeper than that for a manufacturer?
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