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Managerial economics-a problem solving approach

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Reference no: EM131049238

Locate Group Problem: Strategic Game at the end of Chapter in Managerial Economics: A Problem Solving Approach.

Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interactions in order to gather necessary information. Use the observation information to complete all parts of the question presented in the problem. Your response should be 500-750 words. Please include the diagram required in the problem.

From the text:

G15-1 Strategic Game

Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, or downstreamcustomers), or between internal divisionswithin your firm that can be described as a sequentialor simultaneous game. Diagram the strategies,players, and compute payoffs as best you can. Computethe Nash equilibria. What can you do tochange the rules of the game to your advantage?Compute the profit consequences of your advice.

Reference no: EM131049238

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