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Author Question: In the above table, if the players use a maximin strategy, (Read 152 times)

D2AR0N

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on: Mar 14, 2021

Question 1

In game theory, we usually assume that all players
◦ act rationally.
◦ use the information available to them to decide on a best strategy.
◦ know about the payoffs of the other players.
◦ All of these.

Question 2




In the above table, if the players use a maximin strategy,
◦ the equilibrium is for both firms to produce.
◦ the equilibrium choice is the same as using a regular, best response strategy.
◦ the equilibrium is for A to produce and B not to produce.
◦ the equilibrium is for B to produce and A not to produce.
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by D2AR0N on Mar 14, 2021

bookworm410

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Reply #1 on: Mar 14, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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D2AR0N

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Reply 2 on: Mar 14, 2021
Great answer, keep it coming :)

aliotak

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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