Explore Linear Market Areas and Shopping Models Quiz

Linear Market Areas Chapter 2 1 Shopping models Depict the competitive behavior of firms that sell ______ to consumers Retail trade and service industries

Manufacturing industries if input costs are identical everywhere F.O.B. pricing (Free on board) Consumers pay all ______ costs

Delivered price (full price) = store price (mill price, gate price) + ______ costs

Transport costs: cost of gas, oil, insurance, etc., (fare or ticket prices) + cost of ______

Uniform delivered pricing (C.I.F. price: cost + insurance + freight paid ) firm pays ______ costs