Why do competitors open their stores next to one another? - Jac de Haan
6,660,049 Views
18,463 Questions Answered
TEDEd Animation
Let’s Begin…
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.
Why is competition good for customers? Can you describe a time when you have purchased a product or service only to find that a competitor had a better deal? What did you do?
Sign in to answer questionAbout TED-Ed Animations
TED-Ed Animations feature the words and ideas of educators brought to life by professional animators. Are you an educator or animator interested in creating a TED-Ed Animation? Nominate yourself here »
Meet The Creators
- Educator Jac de Haan
- Animator Luke Rowsell
- Narrator Jac de Haan
