« previous next »

Author Question: When an oligopolist chooses a maximin strategy, how is that helpful and what is being assumed about ... (Read 91 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?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Helpful AA summary Helpful AA summary
Success of the Republican “Southern Strategy” Success of the Republican “Southern Strategy”
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+
Strategy: Algorithms and Heuristics Strategy: Algorithms and Heuristics
Strategy: Algorithms and Heuristics Strategy: Algorithms and Heuristics
Video: Neurosynapse Animation

For a complete list of videos, visit our video library