Question: Choose the best answer. Explain why it is the best answer. We care about the reasoning more than just having the right answer 1. The

Choose the best answer. Explain why it is the best answer. We care about the reasoning more than just having the right answer

1. The von Thunen model of land and housing rents . . .

A. Is refuted by the fact that the poor live closer to the city center in most American cities.

B. Is refuted by the fact that land prices generally decline as we move away from the Central Business District in American cities.

C. Is primarily a framework to illustrate the idea of compensating differentials in urban spatial prices.

D. None of the above

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