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Author Question: The payoff matrix below shows the payoffs to Firms A and B from producing different levels of ... (Read 73 times)

tashina2013

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on: Oct 12, 2022

The payoff matrix below shows the payoffs to Firms A and B from producing different levels of output. The numbers in parentheses are (payoff to A, payoff to B).



TABLE 11-3

Refer to Table 11-3. From the payoff matrix we can infer that


◦ there is no Nash equilibrium in the game.
◦ both firms are indifferent between an equilibrium (Produce 1000 units, Produce 1000 units) and (Produce 2000 units, Produce 2000 units).
◦ it is optimal for Firm B to produce 1000 units of output regardless of what Firm A is doing.
◦ it is optimal for Firm A to produce 1000 units of output regardless of what Firm B is doing.
◦ it is optimal for Firm A to produce 2000 units of output regardless of what Firm B is doing.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by tashina2013 on Oct 12, 2022

ludadtpb

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Reply #1 on: Oct 12, 2022
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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tashina2013

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

sailorcrescent

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Reply 3 on: Yesterday
Excellent

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