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Does anybody can have a dominant strategy?

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Reference no: EM13868215

1. A price discriminating monopolist produces two products that exhibit the following price elasticities of demand: E1= - 2.2 and E2= -3.0. For good one (G1) he will charge a price of P1=$12. What should he charge for good 2?

2. The following payoff matric displays the profit and losses for company 1 and 2 given its own action and those of it's opponent. Each company can either pursue strategy A, B, or C. Does anybody can have a dominant strategy? Explain.

 

 

FIRM 2

 

 

A

B

C

FIRM 1

A

-10,-10

0,10

10,20

B

10,0

-20,-20

-5,-15

C

20,10

15,-5

-30,-30

Reference no: EM13868215

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