Reverse e-auctions create tremendous 'power for the buyers because multiple sellers are competing for the same business. Select one: O True O False
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![Reverse e-auctions create tremendous 'power for the buyers because multiple sellers are
competing for the same business.
Select one:
O True
O False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc782ba6d-890a-46dc-b2fd-c88d2435048d%2F717d1281-e161-4c66-8d5a-11a98654a446%2F53b4za_processed.jpeg&w=3840&q=75)
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- i am not sure how to ask anther question after the expert answered one of mine but here is a question i asked the expert and the naswer he game me in picture 1 & 2. the questions insnt linked from other sites its from bartleby just coudlnt see option to ask anther. can you answer this part now: Now assume the financial advisor knows that another advisor will offer a competitive portfolio. Based on historical data, he knows this competitive portfolio’s total return follows a normal distribution with mean £36mil and standard deviation of £2mil and is priced at 5% of total return. Clients will naturally choose the advisor which offers the portfolio with the highest net How does the distribution of profit over the range of financial prices considered in part B) changes, when the competitor is considered?Does each individual in a prisoners dilemma benefit more from cooperation or from pursuing self-interest? Explain briefly.Consider a small town with two competing restaurants: Doug’s Diner and Betty’s Bistro. There is 1000profit to be made in the market. Each period, the restaurants simultaneously decide whether to offer high orlow quality food. In order to offer high quality food, each restaurant must hire an expert chef, which incursan additional cost of 100. The restaurants split the profit equally if they offer the same quality of food. Ifone restaurant offers high quality food while the other offers low quality food, the high quality restauranttakes four fifths of the profit and the low quality restaurant takes one fifth of the profit.(a) Draw up the normal form game matrix, showing the players, strategies, and payoffs.(b) Determine the Nash equilibrium of this game.(c) Explain how the restaurant owners could both be better off than in the Nash equilibrium if they wereable to cooperate. Is the town as a whole better off or worse off when the firms cooperate? Why or whynot?
- Consider this extensive form game. The top number is player 1’s payoff, themiddle number is player 2’s payoff, and the bottom number is player 3’spayoff.a. Describe the general form of a strategy for each player.b. Find the SPNE.3 0: she makes a pront of $9 An is ISK AVCise and aunty she makes. Let P be the probability that it rains the day of the concert. Find the number P tha makes Ann indifferent between organizing the concert in the Club or at the Park. 8. Compute the mixed strategy Nash equilibrium of the game below: Bungle F2 # Zippy E Left Right DOD F4 Up 2,-1 R I 20 F3 $ BAG 3 4 -2,0 HOT % 5 F5 Down 3,1 T 4,-2 VO MacBook Air 6 F6 Y & 7 F7 * U 8A C D 1 4 Y 1 4 3 2 Is there a pure Nash equilibrium in the game? Justify the answer.
- There are 2 players. They take Ston eS From the Pilt of 6 Stones. Player 1 can takt only 2 or 3 Stones. piayer 2 can taKeS only 2 or 4 StonesS. P layers take turns, observe dil Previous moves, and player 1 mover first. A pla yer loses if She can not make a legal move, While another player ir declared the Winner. Let the pay oF OF Winning egval to 1 and the payoFF OF losing equal to 0. a) represent the in ɛxtemsive Form (depict Only legalmoes) b) Find all SPNE OF this game& explain your a mwwer. Who Will Win ? game Only legalmar)Your company is bidding for mineral rights to a tract of land for drilling oil. Based on your geological survey reports, your valuation of the mineral rights is $38 million. You believe the distribution of bids will be uniform for the mineral rights, with a high value of $45 million and a low value of $20 million. In a second-price sealed-bid auction, how much should you for bid if there are 5 bidders? a. $41.40 Million O b. $45.00 Million Oc. $38.00 Million O d. $34.40 MillionABC Inc. Offer Rebate No Rebate XYZ Corp Offer Rebate 20. 10 30.0 No Rebate 12.16 20,4 Which of the following is true about the game above? Lutfen birini seçin. O A Both ABC and XYZ offer a rebate as a dominant strategy OB ABC's dominant strategy is not offer a rebate, O C ABCS dominant strategy is to cffer a rebate. O D XYZE dorninant strategy is to offer a rebate.
- Consider the following game. Player S DE F A 10, 10 8, 7 8, 8 Player R B 8,7 9, 8 9, 12 C 9,8 7, 10 12, 7 Find the best response of step-2 Player S assuming that step-0 players (either Ror S) choose the strategy at random with equal probability. Select one: O a. F O b. E O c. B O d. A O e. C O f. DP&G 1.10 1.20 1.10 - 226 - 215 1.20 - 106 - 89 1.30 - 56 - 37 1.40 - 44 - 25 1.50 - 52 -32 1.60 - 70 -51 - 93 -76 1.70 1,80 - 118 - 102 Why is this situation an example of the prisoners' dilemma game? This game is a type of prisoners' dilemma because O A. the firms are rivals. OB. competing maximizes joint firm profits. O C. the game results in cooperation. Click to select your answer. 1.30 - 204 -73 - 19 -6 - 15 - 34 - 59 -87 1.40 -194 - 58 2 S 12 5 3 - 18 -44 -72 1.50 - 183 - 43 15 29 20 -1 - 28 -57 1.60 - 174 - 28 31 46 36 14 -13 -44 1.70 - 165 - 15 47 62 52 30 1 -30 130 15228841517 1.80 - -2 62 68 441) What are the Nash equilibria? Which one is unreasonable/non-credible threat? 2) What are the subgame perfect Nash equilibria? Does SPNE concept eliminate the unreasonable Nash equilibrium?
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