writing Assignment Location Game.docx

Bearing in mind that these two entrepreneurs are

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Bearing in mind that these two entrepreneurs are using the same price, location has already been decided, the rest will be up to them as individuals (Business Guardian Angel, 2016). For any one of them to outdo the other, they have to now factor in issues like customer care and treatment and appeal of their goods and display. Otherwise location bears no extra advantage one from the other. Another casing point, is when we consider the action of one vendor in location compared with the second vendor who comes later. Assuming Mrs Bud set up shop slightly to one side of the beach, we are assuming maybe earlier on in the morning sunbathers were concentrated on that side, but now they are starting to spread evenly, Mrs Weiser should determine the middle of the beach and agree with Mrs Bud is a friendly competitor and they are in good terms and set up approximately equidistant with Mrs Bud. Yet again, they will each monopolise the sunbathers on their respective side, and split in the middle the sunbathers between them. This is following the Game Theory based on Hoteling’s Model of Spatial Competition as elaborated in (Wordpress, 2016). In conclusion, the two vendors have the beach to themselves, and hence they should
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  • Spring '11
  • Raskin
  • Psychology, Mrs Bud, Mrs Weiser

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