« previous next »

Author Question: When an oligopolist chooses a maximin strategy, how is that helpful and what is being assumed about ... (Read 79 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
When an oligopolist chooses a maximin strategy, how is that helpful and what is being assumed about the other players?
 
  What will be an ideal response?

Question 2

Refer to Figure 4-3. What is the total amount that Kendra is willing to pay for 1 ice cream cone?
 
  A) 0.50 B) 3.50 C) 9.00 D) 13.50


potomatos

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

A player chooses a maximin strategy to maximize the minimum gain it can earn. It assumes that the opposition will play the strategy that will be the most harmful to one's own payoff potential.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

This wheel presentation is helpful for the detection of potential amphipathic helices This wheel presentation is helpful for the detection of potential amphipathic helices
Using concept maps as a learning strategy Using concept maps as a learning strategy
Digital recording devices can be helpful when providing patient education to visually impaired ... Digital recording devices can be helpful when providing patient education to visually impaired ...
Looking carefully at the scan tool data is very helpful in locating the source of a problem. Looking carefully at the scan tool data is very helpful in locating the source of a problem.
Fermentations use a common strategy to regenerate oxidized NAD+ Fermentations use a common strategy to regenerate oxidized NAD+
Paired-end shotgun sequencing strategy Paired-end shotgun sequencing strategy
Video: Wound Repair Animation

For a complete list of videos, visit our video library