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Author Question: The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price ... (Read 1097 times)

sam.t96

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Reply #10 on: Jun 18, 2019
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ApricotDream

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Reply #11 on: Jun 18, 2019
Always glad to help...


go.lag

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Reply #12 on: Jun 18, 2019


The above figure shows a payoff matrix for two firms, A and B, that must choose between selling basic computers or advanced computers. How many Nash equilibria are there?
◦ 0
◦ 4
◦ 1
◦ 2


Kimmy

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Reply #13 on: Jun 18, 2019
2


KWilfred

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Reply #14 on: Jun 18, 2019


The above figure shows a payoff matrix for two firms, A and B, that must choose between selling basic computers or advanced computers. Which of the following is a Nash equilibrium?
◦ Firm A makes basic computers and firm B makes advanced computers.
◦ Both firms make basic computers.
◦ Both firms make advanced computers.
◦ There are no Nash equilibria.


jaygar71

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Reply #15 on: Jun 18, 2019
Firm A makes basic computers and firm B makes advanced computers.


KWilfred

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Reply #16 on: Jun 18, 2019
Thanks


jaygar71

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Reply #17 on: Jun 18, 2019
Welcome :)


Hungry!

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Reply #18 on: Jun 18, 2019


The above figure shows the payoff matrix for two firms. A chemical firm must choose between a low level of production which yields one ton of pollution into a nearby lake and a high level of production which yields two tons of pollution into the nearby lake. A private beach on the lake must decide whether to operate or not. Increased pollution reduces the number of people who wish to visit the beach. If nobody owns the lake, then
◦ the beach shuts down and the chemical firm produces 1 ton of pollution.
◦ the beach shuts down and the chemical firm produces 2 tons of pollution.
◦ the beach operates and the chemical firm produces 1 ton of pollution.
◦ the beach operates and the chemical firm produces 2 tons of pollution.


miss_1456@hotmail.com

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Reply #19 on: Jun 18, 2019
the beach operates and the chemical firm produces 2 tons of pollution.


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