« previous next »

Author Question: When an oligopolist chooses a maximin strategy, how is that helpful and what is being assumed about ... (Read 125 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?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Helpful AA summary Helpful AA summary
Using concept maps as a learning strategy Using concept maps as a learning 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
Paired-end shotgun sequencing strategy Paired-end shotgun sequencing strategy
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library