Economist Harold Hotelling Modeled a Location Game Between Two Hot

Multiple Choice

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 ________.

A) a mixed strategy
B) the tragedy of the commons
C) a zero-sum game
D) none of the above