TED-Ed: Why do competitors open their stores next to one another? - Jac de Haan
Interactive Video
•
Social Studies
•
KG - University
•
Hard
Wayground Content
FREE Resource
Read more
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason similar businesses tend to cluster together according to Hotelling's Model?
To create a monopoly in the market
To minimize the distance customers have to travel
To increase the variety of products offered
To maximize individual profits by reducing competition
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the initial agreement between the two ice cream vendors, what was the main benefit for the customers?
They received discounts on ice cream
They had to walk less distance to reach a vendor
They could buy ice cream from both vendors
They had more ice cream flavors to choose from
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when both vendors move towards the center of the beach?
They end up serving the same customers
They reach a Nash Equilibrium
They both lose customers to other vendors
They increase their profits significantly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the Nash Equilibrium not considered a socially optimal solution in this scenario?
Because it reduces the variety of ice cream available
Because it leads to a monopoly
Because it results in higher prices for ice cream
Because it increases the walking distance for customers at the ends of the beach
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do businesses in the real world maintain competitiveness according to the video?
By avoiding competition altogether
By reducing the quality of their products
By differentiating their products and using marketing strategies
By clustering together in one location
Similar Resources on Wayground
6 questions
Building a Collaborative Team Environment
Interactive video
•
9th - 10th Grade
6 questions
Guess the Object Quiz
Interactive video
•
1st - 3rd Grade
6 questions
Bobsleigh Quiz
Interactive video
•
9th - 10th Grade
6 questions
Impact of the Age of New Imperialism
Interactive video
•
9th - 12th Grade
6 questions
Understanding Mixed Economies
Interactive video
•
9th - 10th Grade
6 questions
The Lion and the Mouse Quiz
Interactive video
•
1st - 2nd Grade
6 questions
Spinario Sculpture Quiz
Interactive video
•
9th - 10th Grade
6 questions
The Evolution and Challenges of Journalism
Interactive video
•
9th - 10th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
11 questions
NEASC Extended Advisory
Lesson
•
9th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
Discover more resources for Social Studies
14 questions
Age of Exploration
Quiz
•
4th Grade
20 questions
Adjectives
Quiz
•
4th Grade
11 questions
Our Nation Grows
Quiz
•
3rd Grade
23 questions
Third Grade Studies Weekly Week 5
Quiz
•
3rd Grade
10 questions
Ch2.3 Using Earth's Resources
Quiz
•
3rd Grade
8 questions
US Involvement in WW1 Digital Day Video
Interactive video
•
11th Grade
14 questions
US Involvement in the Middle East
Quiz
•
7th Grade
10 questions
Unit 4 (Project): SSEPF10
Quiz
•
12th Grade