Get Free Access for 10 Days!
Unit Plan

Ted: Ted Ed: Why Do Competitors Open Their Stores Next to One Another?

Curated by ACT

Discover how game theory and Nash Equilibrium affect where retailers set up businesses to compete with each other. [4:07]

3 Views 0 Downloads
Concepts
game theory
Show More Show Less
Additional Tags
socially optimal solution, math in real life, nash equilibrium, ted ed, ted ed lesson, why do competitors open their stores next to one another?
Show More Show Less
Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)