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Questions - For questions 1-3, determine if the games are an example of a Prisoner's Dilemma and why:
1. Find the Nash Equilibrium/a in the game below. Citizen's and Santander banks are choosing to keep their interest rate high, or lower it. The payoffs are economic profit for each bank.
Santander
Maintain Rate
Cut Rate
Citizen's
($50, $50)
($20, $70)
($70, $20)
($30, $30)
2. Find the Nash Equilibrium/a in the game below. You and your roommate are fighting over who's turn it is to do the dishes. The payoffs are in utility units.
Roommate
Leave
Clean
You
(2, 40)
(200, 38)
(-20, 42)
(101, 41)
3. Find the Nash Equilibrium / a in the generic game below.
C
D
E
F
A
(25, 15)
(4, 20)
(16, 14)
(28, 12)
B
(10, 10)
(5, 15)
(8, 6)
(18, 13)
What will be the rate of return earned by most firms in the industry in long-run equillibrium - If firms can copy each other's technology, what will be the rate of return eventually by all firms?
Outline a plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic.
Pear Inc. is a monopolist producing the iWatch, a wristwatch mobile communication device. The iWatch is a device that will last for exactly two periods, after everyone will switch to Boogle Glass, a eyeglass mobile communication device that is ..
Pick a good or service you are familiar with. Speculate how the price for that good or service may have been set and how well this price maximizes profit for the company and determine what shifts the company should make in its pricing strategy.
Explain the key reasons why you classified the company as a monopoly, and state how the company operates relative to at least two characteristics of that particular market.
kean university professor henry saffer and wharton school of business professor dave dhaval estimated that if the
Write a short 2 page essay (double spaced) identifying and describing the current state of the health care industry
a normal demand curve is downwards identify four abnormal exceptional demand
However, it has not yet been decided whether prototype materials will be purchased from a vendor or produced in another Ajax division. What are the implications of regarding usage of any standard project scheduling technique?
College Financial Sources, which makes small loans to college students, offers to lend $500. The borrower is required to pay $40 at the end of each week for 16 weeks. Find the interest rate per week. What is the nominal interest rate per year
Write a substantive 2000 word Word Doc comparison of the three methodologies below using at least 3 tables with each table comparing the three methodologies in one or more domain.
State the amount accumulated by each of the following present investmens: $4,000 in 10 years at 8% compounded annually.
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