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Consider a game where two Indian food carts located next to each other are competing for many of the same customers for its Tikka Masala.
Consider a game where two Indian food carts located next to each other are competing for many of the same customers for its Tikka Masala. The first cart, called Ashok's, opens first and sets its price, the second cart, called Tridip's opens second and sets its price after observing the price set by Ashok's. To keep it simple let's suppose there are three prices possible for both carts: high, medium, low. Using the game today, find the Nash equilibrium. ?
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