Economist Harold Hotelling modeled a location game between two hot dog vendors on a linear beach that contained a fixed number of customers.Customers patronized the hot dog vendor closest to their position on the beach.From any initial starting point,a hot dog vendor could move closer to the center of the beach and steal some customers away from his rival.This is an example of ________.

Question

Quizplus · Accepted Answer

The scenario described is an example of a zero-sum game, where the gains of one player (more customers) come at the direct expense of the other player (less customers). This is because the total number of customers is fixed, so any gain by one player must be made at the expense of the other player.

Economist Harold Hotelling Modeled a Location Game Between Two Hot