31. Four outdoor equipment stores (A, B. C, D) have to decide where to locate on a 10km street (or on a (0, 10] interval), given that consumers are uniformly distributed along this street. The equilibrium locations are: a Alocates at 1, B at 4, C at 6 and Dat 9. b. A and B are adjacent at 2.5, C and Dare adjacent at 75. c. Alocates at 0, B at 3.3, C at 6.6 and Dat 10. d. all four stores locate at 5. 32 Assume two political parties compete during an electoral campaign. Voters' preferences are uniformly dstributed along a unit interval political spectrum, with extreme left" at 0 and extreme "right" at 1. Where would these two parties choose to locate their political platforms? a There will be one extreme left party and one extreme right party. b. Both parties would position themselves at the centre. There will be one left-wing party located at 0.25 and one right-wing party located at 0.75. C.

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31. Four outdoor equi pment stores (A, B. C, D) have to decide where to locate on a 10 km street (or on a (0, 10]
interval), given that consumers are uniformly distributed along this street. The equilibrium locations are:
a. A locates at 1, B at 4, C at 6 and Dat 9.
b. A and B are adjacent at 2.5, C and D are adjacent at 7.5.
c. A locates at 0, B at 3.3, C at 6.6 and D at 10.
d. all four stores locate at 5.
32. Assume two political parties compete during an electoral campaign. Voters' preferences are uniformly
dstributed along a unit interval political spectrum, with extreme "left" at 0 and extreme "right" at 1. Where
would these two parties choose to locate their political platforms?
a. There will be one extreme left party and one extreme right party.
b. Both parties would position themselves at the centre.
c. There will be one left-wing party located at 0.25 and one right -wing party located at 0.75.
Transcribed Image Text:31. Four outdoor equi pment stores (A, B. C, D) have to decide where to locate on a 10 km street (or on a (0, 10] interval), given that consumers are uniformly distributed along this street. The equilibrium locations are: a. A locates at 1, B at 4, C at 6 and Dat 9. b. A and B are adjacent at 2.5, C and D are adjacent at 7.5. c. A locates at 0, B at 3.3, C at 6.6 and D at 10. d. all four stores locate at 5. 32. Assume two political parties compete during an electoral campaign. Voters' preferences are uniformly dstributed along a unit interval political spectrum, with extreme "left" at 0 and extreme "right" at 1. Where would these two parties choose to locate their political platforms? a. There will be one extreme left party and one extreme right party. b. Both parties would position themselves at the centre. c. There will be one left-wing party located at 0.25 and one right -wing party located at 0.75.
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