Suppose you are trying to open a store at a local shopping mall. There are two open
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Suppose you are trying to open a store at a local shopping mall. There are two open spaces: one is on the ground floor near the entrance; the other is on the topmost floor. Both spaces are identical in size, but the rent for the ground floor space is almost twice the rent for the top floor space. You choose the top floor. Is your decision optimal? Explain.
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Related Book For
3E Economics
ISBN: 9781292411019
3rd Global Edition
Authors: Daron Acemoglu, David Laibson , John List
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