Question: 2. Facility Location Identify the two location problems examine by location theory Use Von Thunen's concentric rings to explain the relative location of economic activity

2. Facility Location

Identify the two location problems examine by location theory

Use Von Thunen's concentric rings to explain the relative location of economic activity in European city states

Use Weber's location model to explain the location of economic activity to include how weight gaining, weight losing, and ubiquitous items affect the location decision

Use Lardner's law to explain the extent of the market where a company can effectively compete

Explain and compare the concepts of:

Comparative advantage

Geographic Specialization

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