Locational models suggest that customers are better off if:
A)they are near a store since their travel time, and therefore the cost of travel, are reduced.
B)there are many stores since price competition will lower the cost of goods.
C)they are far from a store since noise, congestion, and garbage are reduced.
D)stores are operated as communes since costs are reduced and profits are earned by the customers.

Question

Quizplus · Accepted Answer

Locational models suggest that customers benefit from being near a store since it reduces their travel time and the associated cost of travel.

Locational Models Suggest That Customers Are Better Off If