Suppose there are four ice cream vendors on the beach depicted in Exhibit. Ice Cream Vendors on

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Suppose there are four ice cream vendors on the beach depicted in Exhibit.
Ice Cream Vendors on a Beach

How will they locate themselves in equilibrium? What can you say if there are five vendors? What if there are more thanfive?

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Jan 24, 2013 08:21 AM

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Suppose there are four ice cream vendors on the beach depicted in Exhibit. Ice Cream Vendors on

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With four vendors theres an equilibrium in which two vendors occupy the ...View the full answer

Price theory and applications

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