The original version of this story appeared in Quanta Magazine. Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price.

Courtney Gibbons is affiliated with the Association for Women in Mathematics and the American Mathematical Society. You might remember learning about the quadratic formula to figure out the solutions ...

Hamza Tariq has received funding from the Natural Sciences and Engineering Council (NSERC) of Canada. University of Waterloo provides funding as a founding partner of The Conversation CA. University ...