For unlimited access to Class Notes, a Class+ subscription is required.
This preview shows half of the first page of the document.Unlock all 2 pages and 3 million more documents.
In the Salop's Model, the equilibrium number of firms is?
A. decreasing with fixed costs and decreasing with transportation costs
B. increasing with fixed costs and decreasing with transportation costs
C. increasing with fixed costs and increasing with transportation costs
D. decreasing with fixed costs and increasing with transportation costs
The "efficient frontier" indicates:
A) alternatives with neutral combinations of risk and return
B) alternatives with the highest returns
C) alternatives with the best combination of risk and return
D) alternatives with no risk
