In the Hotelling Model of Spatial Competition,profits Arise From

question 5

Multiple Choice

In the Hotelling model of spatial competition,profits arise from:

• A)monopoly power.
• B)rents based on locational advantage.
• C)the ability to price discriminate.
• D)increasing returns to scale.

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Definitions:

Similar Interests

Shared hobbies, preferences, or passions between individuals, often enhancing compatibility and social connection.

Average Features

The common characteristics or attributes derived from aggregating individual data points or observations, typically used in facial recognition and psychology.

Attractive

Having qualities or features that arouse interest, desire, or favorably appeal to the senses, especially sight.

Computer Generates

Relates to the process by which computers create data or simulations, often used in the context of graphics, software development, or artificial intelligence.