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Location Choice Suppose that there are hot dog vendors that are deciding where on a street to locate (for simplicity assume that the street length
Location Choice
Suppose that there are hot dog vendors that are deciding where on a street to locate (for simplicity assume that the street length is measured from 0 to 1). Customers are uniformly distributed across the street's length and will buy from whichever vendor is closest. What is the Nash Equilibrium?
a.(1/2, 1/2)b.(0 , 1) and (1 , 0)c.(1/4 , 3/4)d.(0 , 1)
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