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

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Published on Oct 1, 2012

View full lesson on ed.ted.com - http://ed.ted.com/lessons/why-do-comp...

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.

Lesson by Jac de Haan, animation by Luke Rowsell.

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