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Why Do Competitors Open Their Stores Next to One Another?
Content Provider | WatchKnowLearn |
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Description | Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots. |
Language | English |
Access Restriction | Open |
Subject Keyword | k-12 homeschool homeschooling home school parents educational videos Competition in the Marketplace k12 preK-12 Social Sciences Economics and Business Economics Social Studies Economics Concepts |
Content Type | Video |
Educational Role | Student Teacher |
Educational Use | Self Learning Lecture |
Time Required | PT4M6S |
Education Level | Class VIII Class XI Class IX Class XII Class VII Class X |
Pedagogy | Lecture cum Demonstration |
Resource Type | Video Lecture |
Subject | Market |