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Sony and Vizio must each decide which technology to utilize in building their 2015 model ultra high definition television (HDTV) sets: either Alpha technology or Beta technology. Sony has a technological advantage in using Alpha technology and Vizio has a technological advantage in using Beta technology. The payoff table below shows the profit outcomes for both firms in the various possible technology choice outcomes.VizioAlpha BetaSony Alpha A $16, $18 B $20, $26Beta C $19, $22 D $24, $20Payoffs in billions of dollars of profits.Suppose the technology decision between Alpha and Beta will be made simultaneously. Answer the following questions:a. Sony's dominant strategy is _______________(Alpha, Beta, Neither: it has no dominant strategy).b. Vizio's dominant strategy is _______________(Alpha, Beta, Neither: it has no dominant strategy).c. Explain why cell D is or is not strategically stable.d. As a simultaneous game, does this decision possess any Nash equilibrium cells? If so, which cell(s)? Explain why these cells are Nash.e. Now suppose that Sony decides to make a strategic commitment to one of the technologies so that it can make the first move in a sequential decision game. Complete the game tree (on the answer sheet) for the sequential game in which Sony moves first, by filling in the blanks using the information in the preceding payoff table. Use the roll-back method to find the Nash equilibrium decision path. Mark the best decisions at ALL decision nodes and then circle this decision path on the game tree above. f. Now suppose instead Vizio decides makes a strategic commitment to one of the technologies so that it makes the first move. Complete the game tree (on the answer sheet) for the sequential game in which Vizio moves first, by filling in the blanks using the information in the payoff table. Use the roll-back method to find the Nash equilibrium decision path. Mark the best decisions at ALL decision nodes and then circle this decision path on the game tree above. g. Briefly give a definition of first-mover and second-mover advantage.h. Which firm(s) possesses a FIRST-mover advantage and which a SECOND-mover advantage?
two firms compete in the emerging market for energy drinkscold medicine hybrids that feature caffine alcohol and cough
What does this estimate imply about the price elasticity of demand for ice cream cones - What happens to the Marginal Utility of bracelets and the Marginal Utility of soda?
How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?
The overall population for Region A is 95 million people. The labor force contains 67 million people. 32 million people are employed, while 35 million are unemployed. What is the unemployment rate? Round your answer to the nearest whole number.______..
Explain why the payoff matrix in Problem 1 indicates that firms A and B face the prisoners' dilemma Why The optimal strategy for firm A and firm B in problem 1(c) is to adopt its dominant strategy of charging a low price.
Detail the compensable factors of a position you are familiar with and their impact on that position's salary, and you may want to reference the job analysis and job description process, which form the foundation of job evaluation.
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One additional advantage Microsoft has is its ability to create a variety of Vista products, some of which have more features than others. Does it make sense for Microsoft to differentiate its product into basic and ultimate Vista editions
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imagine you are the marketing manager responsible for developing marketing strategy for a bicycle company. propose the
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