« previous next »

Author Question: When an oligopolist chooses a maximin strategy, how is that helpful and what is being assumed about ... (Read 80 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 first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Helpful AA summary Helpful AA summary
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.
A basic strategy for producing a knockout mouse A basic strategy for producing a knockout mouse
Paired-end shotgun sequencing strategy Paired-end shotgun sequencing strategy
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library