Location Game 1
Location Game
ANONYMOUS
ANONYMOUS College
Location Game 2
The scenario problem of Ms. Bud and Ms. Weiser, beer vendors at a beach, can be solved
by different methods but all pointing towards a balance in which businesses are forced, called the
Nash Equilibrium.
The Nash Equilibrium, according to Columbia University, refers to “an action profile
with the property that no single player can obtain a higher pay off by deviating unilaterally from
this profile” (Sethi, 2007). What this means in other words is that two competitors are positioned
