In an oligopoly decisions of a firm's manager Select one: a. is independent of other firms' decisions b. Is not relevant as market decides c. None of the above d. depends on other firms' decisions e. none of the above
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In an oligopoly decisions of a firm's manager Select one:
a. is independent of other firms' decisions
b. Is not relevant as market decides
c. None of the above
d. depends on other firms' decisions
e. none of the above
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- Dont answer will give downvote strict warning Nash Equilibrium is Group of ariswer choices a strategy that must appear in every game, the best strategy for a player to follow only if other players are cooperative a strategy that leads to one player's interests dominating the interests of the other players, a situation where no person has an incentive to change their strategy unless someone else changes theirsWhich of the following best describes a dominant strategy? Question 4Answer a. The strategy that a player chooses depends on what the other player does b. The strategy that a player chooses minimizes the other player's payoff c. The strategy that a player chooses is independent of what the other player does d. The strategy that a player chooses maximizes joint payoffs for both playersChoose the correct answer. A strategy AA is "dominant" for a player X if: A. Every outcome under strategy AA generates positive payoffs. B. Irrespective of any of the possible strategies chosen by the other players, strategy AA generates a higher payoff than any other strategy available to player X. C. Strategy AA is the best response to every strategy of the other player. D. Strategy AA contains among its outcomes the highest possible payoff in the game. E. Strategy AA is the best response to the best strategy of the other player.
- Game theory is a very useful tool for managers and it can help them to solve business decisions. But at the same time it is important to be careful about rival decisions to avoid any loss. Usually the best solution is to engage in strategic interaction is the best secure way to play. Highlight that how to play a secure game or dominant to survive in the market for the long term.Q:1 Jhon have server and many clients or bidders bidders who are bidding with their resources (datasize,bandwidth) and price they want to sell their resources. Jhon is using first price sealed bid auction here. Jhon need to select winners. Please apply Nash equilibrium strategy for clients to maximize the expected profit and expected utility theory to give guidance to the aggregator to obtain the expected resources from clients. Note: related material is attached in pictures.A occurs if all players in a game play their best strategies given what their competitors do.
- A player involved in a one-shot game will: A.) Cooperate with its rivals due to the threat of punishment B.) Follow punitive strategies C.) Take actions aimed at creating a reputation with his rivals D.) Act to maximize its immediate payoff E.) Follow a tit-for-tat strategyQUESTION 25 (choose the correct one ) An action reflects a dominant strategy when it is a player's best action: assuming the other players do not correctly anticipate the action. given certain profit-maximizing actions of other players. regardless of the actions by other players. if there is only one other competitor.For the static game, whose payoff matrices are given above, answer the following questions: a. What is the IESDS prediction of the game’s outcome? Explain!b. Find all rationalizable strategies?c. Find all the Nash Equilibrium including mixed strategy equilibrium if any?d. What the difference between the solution concept in (a), (b), and (c).
- Two rival companies competing in the same market need to decide their plans for future expansion of their stores. The Table below shows the possible outcomes of their mutually interdependent actions (payoffs are profits in £m) Giga Company Titanic Conglomerate No Change Refurbishment of existing stores Large Expansion No Change 30, 40 25, 35 15, 24 Refurbishment of existing stores 35, 30 28, 32 18, 33 Large Expansion 12, 22 18, 20 20, 25 The Nash equilibrium: (A) does not exist. (B) occurs when both firms choose Refurbishment of existing stores. (C) occurs when both firms choose Large Expansion. (D) occurs when both firms choose No Change.When players in a game collude, they: A. make agreements not to compete with each other and, typically, to charge high prices. B. change their products, so that they are in different markets and not competing with each other. C. choose to avoid any outcomes that harm their rival. D. act independently to try to eliminate other players from the game.(a) What are the sets of pure strategies of players A and B?(b) Find the subgame perfect equilibrium(c) Provide a brief argument why the SPE is unique (i.e., why there are no more SPE, whether in pure or mixed strategies).
