Skip to main content

Why do competitors open their stores next to one another? - Jac de Haan

6,659,938 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.

Think about your own community. Draw a map that indicates each retail location and its type. Are similar types together? Are there any outliers? What are the most popular spots and are they surrounded by similar businesses?

Sign in to answer question

About 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

More from Math In Real Life