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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 1188 times)

karlynnae

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on: Jun 18, 2019


The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. For firm B,
◦ there is no dominant strategy.
◦ setting a low price is the dominant strategy.
◦ doing the opposite of firm A is always the best strategy.
◦ setting a high price is the dominant strategy.
Microeconomics ¦ Perloff ¦ 8th Edition
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Marked as best answer by karlynnae on Jun 18, 2019

lgoldst9

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Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nummyann

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Reply #2 on: Jun 18, 2019


The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. The Nash equilibrium in this game
◦ does not exist.
◦ occurs when both firms set a low price.
◦ occurs when firm A sets a high price and firm B sets a low price.
◦ occurs when both firms set a high price.


ankilker

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Reply #3 on: Jun 18, 2019
occurs when both firms set a low price.


nummyann

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Reply #4 on: Jun 18, 2019
TY


ankilker

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Reply #5 on: Jun 18, 2019
You're welcome


hbsimmons88

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Reply #6 on: Jun 18, 2019


The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. Both firms setting a high price is not a Nash equilibrium because
◦ there is no dominant strategy for either firm.
◦ neither firm can improve its payoff by setting a low price given that the other firm is setting a high price.
◦ both firms can improve their payoff by setting a low price given that the other firm is setting a high price.
◦ setting a high price is the dominant strategy for each firm.


lkoler

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Reply #7 on: Jun 18, 2019
both firms can improve their payoff by setting a low price given that the other firm is setting a high price.


sam.t96

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Reply #8 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. Firm B's dominant strategy
◦ is to adopt firm A's strategy.
◦ is to make advanced computers.
◦ is to make basic computers.
◦ does not exist in this game.


ApricotDream

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Reply #9 on: Jun 18, 2019
does not exist in this game.


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