Why do competing firms often locate their stores in close proximity to each other? For example,...

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Economics

Why do competing firms often locate their stores in closeproximity to each other? For example, gas stations always builtright next to other gas stations. Fast food chains, grocery stores,coffee shops, and restaurants always seem to exist in groupsinstead of being spread evenly throughout a community.
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This is a common phenomenon competing companies locating their stores close to one another It is very common with fast food stores gas stations banks mattress stores coffee shops pharmacies big retailers and so on It doesnt seem to make sense but See Answer

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Why do competing firms often locate their stores in close proximity to each other? For example,...

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Economics

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