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.
b
Economics
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With a given level of GDP, a decrease in the size of population would cause:
A) GDP per capita to decrease. B) life expectancy to decrease. C) GDP per capita to increase. D) life expectancy to increase.
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The central role of ________ in a market economy is bringing together savers and borrowers
A) sole proprietors B) financial intermediaries C) stock exchanges D) corporations
Economics