“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.”
Source: www.youtube.com
This TED-ED lesson shows the economic and spatial factors that lead to businesses to cluster together. This video is a very simple introduction to the concept of agglomeration that is based on competition.
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