Author Question: In the Hotelling model, firms can avoid price competition by differentiating their products. ... (Read 48 times)

ahriuashd · **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

shewald78 · **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