Why do competitors open their stores next to one another? | Jac de Haan | TED-Ed Animation

With ‚ÄúWhy do competitors open their stores next to one another?” lesson creator Jac de Haan explains why businesses like gas stations and cafes crowd small areas. This fun yet informative TED-Ed animation will teach you how concepts like game theory and the Nash Equilibrium inform these retail hotspots. The colorful video is a convenient teaching tool for business classes, workshops or organizations looking to build employees’ competitive intelligence. Using the example of two competitive cousins vying for ice cream-selling domination on a small beach, this video shows you how what seems nonsensical at first could actually be sound business strategy.