Locational models cannot be used to explain:
A)the existence of mini- malls.
B)the nature of programing of new radio stations.
C)perfectly competitive markets.
D)the positions political parties assume along the political spectrum.

Question

Quizplus · Accepted Answer

Locational models are used to explain the location of economic activities such as industries, firms, and stores. They do not explain the nature of programing of new radio stations or the positions political parties assume along the political spectrum. Additionally, the existence of mini-malls can be explained through locational models, but not perfectly competitive markets which are a theoretical concept in economics.

Locational Models Cannot Be Used to Explain