Basic concepts
Published in Edward Elgar Publishing eBooks • Jan 1, 2020
NobleIDNI5P87W99R34S50
Authors:
Miroslav N. Jovanovic
Abstract
The problem of the spatial location of firms does not exist in a situation with homogeneous space and perfect markets. The problem exists only in the situation with market imperfections. Cost minimisation and profit maximisation were key workhorses in economic theory. Still, there are possibilities ...
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