Question: True/False and Explain carefully the reasoning for your answer in a short paragraph. (4 points each, 1 point for T/F, the remaining three points will
True/False and Explain carefully the reasoning for your answer in a short paragraph. (4 points each, 1 point for T/F, the remaining three points will be given for the accuracy, clarity and succinctness of your reasoning.) 1. In general, medium-sized cities are more likely to specialize in innovative/high human capital sectors and functions relative to the largest cities. 2. A weight-gaining firm is more likely a market-oriented firm. 3. The principle of median location implies that a change in the location of the furthest market served by a firm will change the optimal location for that firm
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