Author Question: In the Hotelling model of spatial competition, profits arise from: a. monopoly power. b. rents ... (Read 28 times)

Marty · **on:** Jul 1, 2018

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.

Question 2

Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees
b. a temporary clerical agency requires a typing test
c. a manufacturer requires suppliers to be ISO 900 . certified
d. Smokers get the same life insurance rates as non-smokers