Posted by **Michael** on Monday, February 14, 2011 at 11:18am.

Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn’t matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.

Driver 2

Left Right

Driver 1 Left 0,0 -1000 -1000

Right -1000, -1000 0,0

a. Does either player have a dominant strategy? Explain.

b. Is there Nash equilibrium in this game? Explain

c. Why this game is called a cooperative game?

2.

Graph

a. What is the firm’s Total Revenue?

b. What is the Total Cost?

c. What is the firm’s Total Profits?

d. If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output.

## Answer This Question

## Related Questions

- managerial economics - 1. Some games of strategy are cooperative. One example is...
- Economics - Assignment 3 1. Some games of strategy are cooperative. One example ...
- 9th grade math - the triange is 31cm, side 1 and side 2 have equal lenghts, ...
- algebra3 - can u solve the equation 1)1.2x= 2.3x-2.2 2)[x-4]= 15 3)[13+2x]= 5 1...
- physics - Near San Francisco, where the vertically downward component of the ...
- algebra - the perimeter of a triangle is 205. one side is 10 longer than the ...
- Math/Algabra - The perimeter of a triangle is 102. side b is twice as long as ...
- Math - One side of a triangular banner is 1 ½ times longer than the second side ...
- PHYSICS: PLEASE HELP A.S.A.P HMK DUE AT MIDNIGHT T - During a storm, a car ...
- math - Mr. Mitchells office is on a winding side road next to a highway exit.He ...

More Related Questions