Multiple Choice
The clustering model implies that several gas stations sometimes locate at the same intersection:
A) because land is expensive in cities.
B) in order to make buying gas more convenient.
C) because profit maximization dictates this spatial arrangement.
D) due to high demand for gasoline.
Correct Answer:
Verified
Correct Answer:
Verified
Q56: The circular flow diagram:<br>A)focuses on the flow
Q57: Define cost- benefit analysis and discuss a
Q58: The Pareto criterion selects a social state
Q59: Comment on the following statement: "Pure positive
Q60: Institutions exclude:<br>A)ministry of industry.<br>B)social customs.<br>C)the common law.<br>D)religious
Q62: The market demand curve is downward sloping,
Q63: Define the competitive equilibrium. Explain how market
Q64: The statement "I will either pass or
Q65: A perfectly competitive market has all of
Q66: Suppose that an increase in the global