Dominant strategy, Managerial Economics

In a one-shot game, if you advertise and your rival advertises, you will each earn RM5 million in profits.  If neither of you advertises, your rival will make RM4 million and you will make RM2 million.  If you advertise and your rival does not, you will make RM10 million and your rival will make RM3 million.  If your rival advertises and you do not, you will make RM1 million and your rival will make RM3 million.

a.    Write the above game in matrix table.     

b.    Do you have a dominant strategy?

c.    Does your rival have a dominant strategy?

Posted Date: 3/13/2013 7:49:26 AM | Location : United States







Related Discussions:- Dominant strategy, Assignment Help, Ask Question on Dominant strategy, Get Answer, Expert's Help, Dominant strategy Discussions

Write discussion on Dominant strategy
Your posts are moderated
Related Questions
The Budget line and its economic interpretation The indifference curve shows us consumer preferences but it does not show us the situation in the market place.  Here the consu

The Learned Book Company has a choice of publishing one of two books o the subject of Greek mythology.  It expects the sales period for each to be extremely short, and it estimates

The following represents the section headers you should consider for your reasoned document.   Each section should have (at least) two research citations to support your work :


explain in detail ramsey pricing with example?

WHY MANAGERS NEED TO KNOW ECONOMICS The influence of economics towards the performance of managerial duties and responsibilities is of major importance. The importance and cont

A chemical producer dumps toxic waste into a river. The waste decreases the population of fish, decreasing profits for the local fishing industry by $100,000 per year. The firm cou

Q. What is Production Isoquant? An isoquant demonstrates all those combinations of factors that produce the same level of output. An isoquant is also called as equal product cu

business decision making concepts of certainity risk unertainity sources of business risk steps invoived in analysiis of risky decisions risk adjustment etc

Analysis of unemployment in relation to economics