Question: ( 4 ) Let there be a 1 mile long linear beach with visitors uniformly distributed on it . A hot dog stand's strategy is

(4)

Let there be a

1

mile long linear beach with visitors uniformly distributed on it

.

A hot dog stand's strategy is where on the beach to locate. Once located each hot dog stand exclusively serves all the visitors closest to it

.

If there are more than one hot dog stand at the same spot then they divide the relevant visitors equally. What is the NE and the market shares if there are

2

hot dog stands?

( 4 ) Let there be a 1 mile long linear beach

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