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Author Question: In the Hotelling model, firms can avoid price competition by differentiating their products. ... (Read 46 times)

ahriuashd

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on: Jul 1, 2018
In the Hotelling model, firms can avoid price competition by differentiating their products.
 
  Indicate whether the statement is true or false

Question 2

In 1900, the average life expectancy in the U.S. was:
 
  a. 32
  b. 47
  c. 60
  d. 68


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shewald78

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Reply #1 on: Jul 1, 2018
Answer to Question 1

T The firms can locate at the ends of the Hotelling's Main Street, so their prices have small rather than large effects on their competition for sales.

Answer to Question 2

B


ahriuashd

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

amynguyen1221

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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