Hotelling's location analysis emphasized the role of _______________

Question

Quizplus · Accepted Answer

Hotelling's location analysis focused on the idea of locational interdependence, which means that the location of one firm can be affected by the location decisions of other firms in the same industry. This concept is essential for understanding competition and market dynamics, as well as for making informed decisions about where to locate a business. While raw materials, labor, and markets are all important factors to consider when choosing a location, the idea of locational interdependence is what distinguishes Hotelling's theory from other location models.

Hotelling's Location Analysis Emphasized the Role of _______________