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I have a question saying that. Now, suppose there are only two electric vehicle producers - Tesla and BMW. Using game theory, explain whether BMW
I have a question saying that. "Now, suppose there are only two electric vehicle producers - Tesla and BMW. Using game theory, explain whether BMW and Tesla will design the same plug or different plug. What factors should the firms take into consideration?"
I believe that either one of the firms (Tesla or BMW) is making its charging plug for the car, then according to game theory, another firm will do the same. But I don't understand why they would do that. I need help with answering this question.
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