According to market-area analysis, what is the fundamental error of Weber's least-cost theory?
A) Exclusion of any consideration of raw materials
B) Assumption that industrialists seek the lowest-cost location
C) Failure to recognize that industrialists are making decisions in a climate of economic uncertainty
D) Failure to recognize that industrialists seek lowest-cost locations
E) Failure to consider that the factors affecting industrial location are always changing
Correct Answer:
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