Friday
July 25, 2014

Homework Help: Economics

Posted by Joe on Monday, April 19, 2010 at 11:42am.

In a one-shot game, if your rival advertises and you advertise, he will earn $7 million and you will earn $2 million in profits. If neither of you advertise, you will make $4 million and he will make $2 million. If you advertise and your rival does not, you will make $3 million and your rival will make $8 million. If your rival advertises and you do not, he will make $1 million and you will make $3 million


. Write the above game in normal form.

b. Do you have a dominant strategy? If yes, what is it?

c. Does your rival have a dominant strategy? If yes, what is it?

d. What is the Nash equilibrium for the one-shot game

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math-Statistics - Assume your expected lifetime income is $1.5 million and the ...
Economics - Budweiser (now owned by a Belgium based beer company), Miller and ...
Economics - Poland Spring, Dasani and Aquafina who together produce 90% of all ...
math - A lottery game advertises a jackpot of $41 million. The chances of a ...
Finance - Rock Company acquired land 8 years ago for 2.2 million. Today it is ...
Economics - Q1) whether the following statement is true or not? some reasons plz...
time value of money - The ABC Computer Corporation is considering an increase in...
Finance - Following are selected balance sheet accounts for Third State Bank: ...
health - About how many teenagers are in and out alcoholics Answer Are One ...
Economics - Isn't a monopolistic competitor most likely to earn zero economic ...

Search
Members