When Products Are Differentiated by Location,what Kind of Trade-Offs Exist

question 17

Multiple Choice

When products are differentiated by location,what kind of trade-offs exist?

• A) Firms that sell the same product at different locations have a monopoly in their location, and buyers pay a higher price.
• B) the larger the numbers of firms that sell the same product at different locations, the higher the level of variety
• C) the smaller the numbers of firms that sell the same product at different locations, the higher the average cost of production
• D) the larger the numbers of firms that sell the same product at different locations, the higher the average cost of production

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