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 A buisness problem Options
lisa
 #1 Posted : Tuesday, April 12, 2011 3:01:57 PM

Joined: 3/16/2011
Posts: 33

A town consists of only one street in the form of a circle. The town authorities give out four licenses for a particular kind of business. The inhabitants of the town live in equal density along the circle and will always go to the closest business for what they need. Business A gets to choose a location first, then business B, then C, and finally D. Each business desires to carve out as much business for themselves as possible but each knows the others all have the same motive. Assume that if a business is indifferent between locating in two different sections of the circle it will choose a section at random. Also assume that the business that goes last will choose a location in the middle of the largest (or one of the largest) sections. Where should business B choose relative to the location of A?

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