hand written plz otherwise unlike Analyze the decision tree below to answer the following question: Don't Enter $1 billion, $2 billion Enter Concede Price War $2 billion, $1.5 billion $1.5 billion, $1 billion Question: What is the overall outcome for this game? Group of answer choices (Don't Enter, Price War)

hand written plz otherwise unlike Analyze the decision tree below to answer the following question: Don't Enter $1 billion, $2 billion Enter Concede Price War $2 billion, $1.5 billion $1.5 billion, $1 billion Question: What is the overall outcome for this game? Group of answer choices (Don't Enter, Price War)

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter10: Monopolistic Competition And Oligopoly

Section: Chapter Questions

Problem 13PAE

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Game Theory Question A non-profit firm is on a local community online donation platform for a community event it wants to hold (only community members can donate via the website). The event will be held only if the non-profit firm collects $20,000 total from members of the community. Each member values the event at $500. Suppose that there are 100 community members. Community members can only donate by purchasing a lottery ticket from the firm. Each ticket costs $200 and only one ticket can be purchased per member. The proceeds will be collected by the firm. The lottery winner gets a premier meal at a local restaurant that's worth $100. Remember, the firm keeps all the donated money. If the amount of donations is less than $20,000, then the firm returns the donated money to the community members (since there'll be no event held but the lottery winner still gets to eat that fancy meal). If the donations sum up to $20,000, the community event will take place. What are the Nash…
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3 Use the following payoff matrix for a one-shot game to answer the accompanying questions. 20 oints eBook Player 1 Strategy A B Player 2 X Y 12, 12 -30, 6 6, -30 30, 30 a. Determine the Nash equilibrium outcomes that arise if the players make decisions independently, simultaneously, and without any communication. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click twice to empty the box. ? (-30, 6) (12.12) ? (6.-30) ? (30, 30) Which of these outcomes would you consider most likely? O (30,30) O(-30, 6) O (12, 12) O(6,-30) b. Suppose player 1 is permitted to "communicate" by uttering one syllable before the players simultaneously and independently make their decisions. What should player 1 utter? OA OB What outcome do you think would occur as a result? O (12, 12) O (-30, 6) O (30, 30) 0 (6,-30) c. Suppose player 2 can choose its strategy before player 1,…
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