Based upon Lardner's Law, if transportation costs decreased by 2500, how much does the relevant market area increase?

Name: Based upon Lardner's Law, if transportation costs decreased by 2500, how much does the relevant market area increase?
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

Lardner's Law states that if transportation costs are halved, the relevant market area quadruples, which is a 300% increase. If costs decrease by 2500, it implies a significant reduction, likely leading to a doubling of the market area, which is a 200% increase.

Based Upon Lardner's Law, If Transportation Costs Decreased by 2500