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3. (10 points) Consider the Hotelling model studied in class but assume the "city" is a square, and consumers are distri
Posted: Sat Feb 19, 2022 2:41 pm
by answerhappygod
- 3 10 Points Consider The Hotelling Model Studied In Class But Assume The City Is A Square And Consumers Are Distri 1 (21.37 KiB) Viewed 59 times
3. (10 points) Consider the Hotelling model studied in class but assume the "city" is a square, and consumers are distributed uniformly over this square. Otherwise the game is the same as in class: 2 firms choose locations, consumers buy one unit from the closest firm, firms maximize the number of units sold. Find the Nash equilibrium. 4. (10 points) Find all the Nash equilibria (both pure and mixed) of the 2-player game below. LMR A-1,1 3,1 1,2 B 2,2 2,-1 0,0 C 0,0 0,2 4,4