Question: Explain the structure of the diagram. What do the patterned and non-patterned rings mean? What is a bid-rent curve? Explain why the bid rent curve

  1. Explain the structure of the diagram. What do the patterned and non-patterned rings mean?
  2. What is a bid-rent curve? Explain why the bid rent curve for office activities is steeper than that for warehousing activities.
  3. What does the slope of the bid rent curve suggest for warehousing activities that choose to locate in or close to the CBD?

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