Hoteling model without price competition efficient

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Reference no: EM13889150

From a social perspective, is the outcome of a Hoteling model without price competition efficient?

A. Yes, because everyone will purchase in this case

B. No, because price competition could bring prices lower

C. Yes, because when firms are located in the middle of the market, consumers are equally far away from the firms

D. No, because overall transportation costs of consumers could be lower

Reference no: EM13889150

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