Firms that must split the market do so
A)by locating closest to the customer.
B)when one has a clear price advantage.
C)by holding both a price and a distance advantage over their competitor.
D)by holding neither a price nor a distance advantage over their competitor.

Question

Quizplus · Accepted Answer

Firms often aim to locate as close to their customers as possible to minimize distance, thereby potentially increasing their market share by being the most convenient option for consumers. This strategy is particularly relevant in markets where proximity and ease of access are significant factors in consumer choice.

Firms That Must Split the Market Do So