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Location model (economics)
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<p>In <a href="/facts/Economics/HYctA2Dn">economics</a>, a location model or spatial model is any <a href="/facts/Monopolistic/BXIQWUmR">monopolistic</a> competition model that demonstrates consumer preference for particular brands of goods and their <a href="/facts/Location/fXux5RaJ">locations</a>. Examples of location models include <a href="/facts/Harold_Hotelling/gGTx0uY8">Hotelling</a>'s Location Model, <a href="/facts/Steven_C._Salop/bHwsKsI8">Salop</a>'s Circle Model, and hybrid variations. </p>