managerial economics

posted by .

Consider the one-shot, simultaneous move game below, and answer the accompanying questions:

Player & Strategy Firm B
Left Right
Firm A Up 4,4 0,0
Down 0,0 2,2

(a)List the strategies for Firm A and Firm B
(b)State the set of strategy profiles.
(c)Suppose Firm A plays Up. What is Firm B¡¦s best response?
(d)Suppose Firm B plays Right. What is Firm A¡¦s best response?
(e)Does firm A have a dominant strategy?
(f)What is (or are) the Nash equilibrium (equilibria) to this game?
(g)If you are firm A and are given the first move (instead of moving simultaneously), which move would you choose and why?
(h)Would Firm B object to your getting the first move? Explain

  • managerial economics -

    There is no question.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    A firm is a natural monopoly if: a) its average cost curve falls throughout its relevant output range. b) the firm owns an essential natural resource used in making the product. c) the government has granted the firm the right to a …
  2. managerial economics

    Suppose the inverse market demand equation is P = 80 ¡V 4(QA+QB), where QA is the output of firm A and QB is the output of firm B, and both firms have a constant marginal constant of $4. Firm B is the Stackelberg leader in this market. …
  3. Economics

    Assignment 3 1. 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 …
  4. marketing

    Which of the following statements regarding marketing strategies is FALSE?
  5. managerial economics

    1. 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 …
  6. Finance

    Agency theory deals with the issue of Answer when to hire an agent to represent the firm in negotiations. the legal liabilities of a firm if an employee, acting as the firm's agent, injures someone. the limitations placed on an employee …
  7. marketing

    Which of the following statements regarding marketing strategies is FALSE?
  8. Economics

    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 …
  9. Business

    Firm A and firm B have debt-total asset ratios of 35% and 30% and ROA of 12% and 11%, respectively. Which firm has a greater ROE?
  10. economics

    3. Suppose that the total monthly demand for golf services is given by Q = 20 – P The marginal cost to the firm of each golfer is $1. If this demand function is based on the individual demands of 10 golfers, what is the optimal two …

More Similar Questions