Question: Consider a simultaneous moire Hotelling location model. Suppose that consumers are uniformly distributed on a unit interval. Prices are fixed. Firms simultaneously choose locations on

Consider a simultaneous moire Hotelling location model. Suppose that consumers are

uniformly distributed on a unit interval. Prices are fixed. Firms simultaneously choose

Consider a simultaneous moire Hotelling location model. Suppose that consumers are uniformly distributed on a unit interval. Prices are fixed. Firms simultaneously choose locations on this unit interval. True or false: In equilibrium, all firms must have equal market shares. Select one: 0 True 0 False

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