Industrial economy

Suppose that in the Hotelling line there are 12 couples (i.e. 24 people), distributed uniformly in every meter of the line. Assume the line is 12 meters long, the left corner start at 0 (where the first couple is) and ends at 12, where the last couple is, with no couple in the middle. There are two firms selling an identical product at the same price, which all people want and need to walk to buy it. Find and explain clearly:
(i) the non-regulated location of the firms;
(ii) the optimal regulated location and compare the total walking distance of all couples in both cases.

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.
WeCreativez WhatsApp Support
STUCK with your assignment? When is it due? Get FREE assistance.
👋 Hi, how can I help?