Microeconomics: Principles, Applications, and Tools (8th Edition)

by O'Sullivan, Arthur; Sheffrin, Steven; Perez, Stephen

Published by Prentice Hall

ISBN 10: 0-13294-886-9

ISBN 13: 978-0-13294-886-9

Chapter 15 - Public Goods and Public Choice - Exercises - 15.3 Public Choice and the Median Voter - Page 354: 3.4

Answer

median inefficient

Work Step by Step

Choosing the $\textbf{median}$ location for the vendors in $\textbf{inefficient}$. They should be 1/2 mile apart.

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