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Nerdlin Geeksly
TED-Ed
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Comments by "Nerdlin Geeksly" (@nerdlingeeksly5192) on "Why do competitors open their stores next to one another? - Jac de Haan" video.
So the whole reason for Nash equilibrium is greed, no one can be content with what they have. If i made 2000 in profit a month from a restaurant but could make 3000 if i moved next door to my competition I'd still stay where I'm at, I don't need 3000 I'm fine with 2000; if i need more than 2000 I'll open another restaurant while keeping my old one and just have good marketing to convince more of the "beach goers in the center" to come to me. I still walk an extra 5-10 minutes for Wendy's instead of McDonald, (which is closer to me) why? because their food is better.
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