3 ms·
Competitors in a market have a tendency to converge on a common offering, which serves as a Nash equilibrium. See for example: https://en.m.wikipedia.org/wiki/F
by solatic 8y ago
Competitors in a market have a tendency to converge on a common offering, which serves as a Nash equilibrium. See for example: https://en.m.wikipedia.org/wiki/Facility_location_(competitive_game) https://en.m.wikipedia.org/wiki/Facility_location_(competiti...