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Questions 22-24 rely on the following prompt: Two street vendors (Vendor I and Vendor 2) with mobile carts produce the same good which they sell at the same price. Customers are located along a linear boardwalk with six locations (Location A through Location F), with a different number of customers in each location, as pictured below: 18 So, there are X customers in location A, 4 in B, 6 in C, 2 in D, 8 in E and 18 in F. There are 38X customers total. Customers will make a purchase from whichever vendor is closest to them, and equally close customers will be split evenly between Vendor 1 and Vendor 2. The vendors CAN locate in the same location (so, both could locate in location A). 22. If X = 12, where will Vendor I locate in equilibrium? b.B d. D 23. If X = 12, where will Vendor 2 locate in equilibrium? a. b.B d. D 24. What is the smallest value of X that would make (A, A) an equilibrium?

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