In the Hotelling model, firms can avoid price competition by ...

[ahriuashd]

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

[shewald78]

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]

Excellent

[strudel15]

Thanks for the timely response, appreciate it