Why do competitors open their stores next to one another? - Jac de Haan
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TEDEd Animation
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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?
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Meet The Creators
- Educator Jac de Haan
- Animator Luke Rowsell
- Narrator Jac de Haan
