Two ice-cream stands are deciding where to set up along a, Ask an Expert

Economics

Two ice-cream stands are deciding where to set up along a 1-mile beach. The people are uniformly located along the beach, and each person sitting on the beach buys exactly 1 ice-cream cone per day from the nearest stand. Each ice-cream seller wants the maximum number of customers. Where along the beach will the two stands locate? What type of economic outcome does this remind you of?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91404656

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