subject
Business, 18.11.2019 22:31 oasmith2005

Consider a two-player game between child’s play and kid’s korner, each of which produces and sells swing sets for children. each player can set either a high or a low price for a standard two-swing, one-slide set. if they both set a high price, each receives profits of $64,000 per year. if one sets a low price and the other sets a high price, the low-price firm earns profits of $72,000 per year, while the high-price firm earns $20,000. if they both set a low price, each receives profits of $57,000.verify that this game has a prisoners’ dilemma structure by looking at the ranking of payoffs associated with the different strategy combinations (both cooperate, both defect, one defects, and so on). what are the nash-equilibrium strategies and payoffs in the simultaneous-play game if the players meet and make price decisions only once?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 06:00
Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection
Answers: 1
question
Business, 22.06.2019 07:20
Go follow my instagram atx_humberto
Answers: 2
question
Business, 22.06.2019 12:50
Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?
Answers: 2
question
Business, 22.06.2019 16:00
What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
Answers: 1
You know the right answer?
Consider a two-player game between child’s play and kid’s korner, each of which produces and sells s...
Questions
question
Mathematics, 18.09.2019 05:00
Questions on the website: 13722363