Toyota Pregame Show First Quarter Chevrolet Pregame Show $5million $5 million $3 million First Quarter $6 million $3 million $6 million Based on these answers, Toyota has a dominant strategy to: $4 million $4 million
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- he following payoff matrix represents a non-sequential, non-repeating game: Brown Inc. Strategy 1 Strategy 2 Strategy 3 100 300 400 Strategy A 40 70 30 Carlton Inc. 700 200 600 Strategy B 60 20 80 500 90 a) Name the maximin equilibrium, if any. (If there is no maximin equilibrium, then please type 'there is no maximin equilibrium.) b) Name the maximax equilibrium., if any. (If there is no maximax equilibrium, then please type 'there is no maximax equilibrium.) C) Name the Nash equilibrium, If any. (If there is no Nash equilibrium, then please type 'there is no Nash equilibrium.) 220 800 Strategy C 10 50 d) Name the cooperative (collusive) equilibrium, if any. (If there is no cooperative equilibrium, then please type 'there is no cooperative equilibrium.) e) Name Brown Inc's dominant strategy, if any. (If Brown Inc. has no dominant strategy, then please type 'Brown Inc. has no dominant strategy.) f) Name Carlton Inc's dominant strategy, if any. (If Carlton Inc. has no dominant strategy,…c) Please find below Pricing options for firm A and B, along with individual payoffs (Firm A’s payoff/Firm B’s payoff)Firm BFirm APrice £2 Price £1Price £2 £10,000/£10,000 £5,000/£12,000Price £1 £12,000/£5,000 £6,000/£6,000Assume you are the pricing manager at Firm A;9i) What is your payoff for a ‘maximin’ strategy?ii) What is your payoff for a ‘maximax’ strategy? iii) Does a dominant strategy exist within this prisoners’ dilemma?Panther Airlines (PA) is the only airline that flies several routes. They have a potential competitor, Leopard Airlines (LA) who are considering entering these markets. PA maintains some excesscapacityas an entry deterrent and is eurrently earning $1 Om profit. PA signals that if LA enters these markets, theywill drop their prices. PA's profits will fall to $2m and LA will make a loss of $5m. If PA drops its prices and LA does not enter the markets, PA will earn $3m in profit. If PA were to accommodatethe new entranl, they would each earn $5m profit. i. Draw up the payoffmatrix for this game.ii. Do PA and LA have dominant strategies? Explain your answer.iii. What is the Nash equilibrium? Explain your answer.
- 1. Find Nash equilibrium and equilibrium of dominant strategies. а. N А b. L C P (3;1) (2;3) (10;2) (4;5) (3;0) (2;2) (5;4) U (4;8) (2;3) (3;7) U (6;4) M (0;3) (6;1) (2;2) L (12;3) (-1;5) (9;4) (4;6) (5;6) (4;5) (9;7) Eyou need to show the profitable deviations in each case for some player the answer should be no nash equilibrium ; but please explain to me in detail NOTE: please DON'T use chatgpt or other AI tools to answer; there's a person who answer my quesitn and his answer is exactly the same as chatgpt; if it's answer from chatgpt I'll downvote; But I'll definitely upvote as long as your explaniton is detailed and you show the profitable deviations in each case for some player. thank you5) Little Kona is a small coffee company that is considering entering a market dominated by Big Brew. Each company's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price: Enter Little Kona Do Not Enter a. b. C. d. e. Big Brew High Price Kona $2 Brew $3 Kona $0, Brew $7 Does either player in this game have a dominant strategy? Does your answer in part (a) help you figure out what the other player should do? What is the Nash equilibrium? Is there only one? Low Price Kona loses $1 Kona $0 Brew $1 Brew $2 Big Brew threatens Little Kona by saying “If you enter, we are going to set a low price, so you had better stay out." Do you think Little Kona should believe the threat? Why or why not? If the two firms could collude and agree on how to split the total profits, what outcome would they pick?
- Player B Strategy 1 2 Player A Strategy 1 $2,400, $1,200 -$1,200, -$2,400 2 -$2,400, -$1,200 $1,200, $2,400 Does Player A have a dominant strategy? Yes or no? Does player B have a dominant startegy? Yes or No?Costco Spend $1B on advertising Spend $1.5B on advertising Spend $1B on advertising $3.5B; $2.7B $4.2; $2.2B Target Spend $1.5B on advertising $3.2B; $3.4B $4B; $3B20) Given the payoff matrix in the figure, the Nash equilibrium outcome of this game is for: Ajinomoto Produce 30 Produce 40 million pounds million pounds Ajinomoto makes $180 million Ajinomoto makes $200 million Produce 30 million ADM makes $180 million ADM makes $150 million pounds Ajinomoto makes $150 million Ajinomoto makes $160 million Produce 40 million ADM makes $200 million ADM makes $160 million pounds O A. each firm to produce 30 million pounds. B. each firm to produce 40 million pounds. C. ADM to produce 30 million pounds and for Ajinomoto to produce 40 million pounds. D. ADM to produce 40 million pounds and for Ajinomoto to produce 30 million pounds. ADM
- 3. Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream sup- pliers, or downstream customers), or between internal divisions within your firm that can be described as a sequential or simultaneous game. Diagram the strategies, players, and compute payoffs as best you can. Compute the Nash equilibria. What can you do to change the rules of the game to your advantage? Compute the profit consequences of your advice.What is the Nash Equilibrium of this game? Firm Develop Don't Develop Don't Develop, Protect O Develop, Don't Protect Protect Don't Develop, Don't Protect O Develop, Protect -3,2 1,1 Government Don't Protect 8,10 0,2◄ Search 12:47 PM Sun Nov 12 ← Note Nov 12, 2023 Uptown's price strategy The Nash equilibrium occurs when High Low LED RareAir's price strategy High $12 $15 The more favorable outcome would be for $12 Tt ✪ $6 B Low $6 D $8. $15 $8 S O both firms have an incentive to deviate from this strategy given the strategy of the competing firm. It is shown by the dominant strategy of cell A. 92% neither firm has an incentive to deviate from this strategy given the strategy of the competing firm. It is shown by the dominant strategy of cell D. O one firm consistently has an incentive to deviate from this strategy given the strategy of the competing firm. It is shown by the high-price strategy of cell B. O one firm consistently has an incentive to deviate from this strategy given the strategy of the competing firm. It is shown by the high-price strategy of cell C. O the firms to collude and use the high-price strategy but this strategy requires cooperation. O one firm to take the lead and let the…
