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Home / Questions / House Price $125,000 $15,000 More than three bedrooms $18,000 More than 3,500 square fe...

House Price $125,000 $15,000 More than three bedrooms $18,000 More than 3,500 square feet $150 Has plumbing $180 Has lawn

House Price = $125,000* + $15,000* (More than three bedrooms)

+ $18,000* (More than 3,500 square feet)

+ $150(Has plumbing) + $180(Has lawn)

+ $17,000* (Lot larger than 1/2 acre)

How much would you expect to pay for a four-bedroom, 3,800-square-foot house on a one-acre lot? How much for a four-bedroom, 2,700-square-foot house on a quarter-acre lot?

Do these results say anything about the sustainability of competitive advantages in this market?

Mar 28 2020 View more View Less

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