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Why do competitors open their stores next to one another?
Content Provider | TED Ed |
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Author | Haan, Jac De |
Description | John Nash, a famous mathemetician, wrote a paper that defined Nash Equilibrium. A Beautiful Mind, a film directed by Ron Howard about the life of John Nash, hit the screen in 2001. http://www.imdb.com/title/tt0268978/ Competition is the term used to describe the rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume. http://en.wikipedia.org/wiki/Competition_%28economics%29 |
Language | English |
Access Restriction | Open |
Subject Keyword | Data Analysis Probability |
Content Type | Video Animation |
Time Required | PT4M7S |
Education Level | Class VII Class VIII Class IX Class X |
Pedagogy | Lecture cum Demonstration |
Resource Type | Video Lecture |
Subject | Probability |