Assume that consumers are uniformly distributed along a


Assume that consumers are uniformly distributed along a one-mile stretch of beach. A number of ice cream vendors are pondering where to position their carts. If the price they are allowed to charge is fixed by the Equal Access to Coolness For All Coalition. Show that there is no Nash equilibrium if the number of ice cream vendors is 3.

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Business Economics: Assume that consumers are uniformly distributed along a
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