1 Two Newsvendors Compete For The Custom Of Their City S Newspaper Readers Locat

Find answers on: 1, Two newsvendors compete for the custom of their city’s newspaper readers located along the city’s main street..

1, Two newsvendors compete for the custom of their city’s newspaper readers located along the city’s main street. Each vendor seeks to have the maximum number of customers buy the newspaper at his stand. In a simple version of the model, the freedom of action of each vendor is limited to choosing the location of his stand. The price of the newspaper is set by the publisher, so the vendors cannot compete against each other by lowering prices.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *