Consider the following game, called matching pennies, which you are playing with a friend. Each of you has a penny hidden in your hand, facing either heads up or tails up (you know which way the one in your hand is facing). On the count of "three," you simultaneously show your pennies to each other. If the face-up side of your coin matches the face-up side of your friend’s coin, you get to keep the two pennies. If the faces do not match, your friend gets to keep the pennies.

a. Who are the players in this game? What are each player's strategies? Construct a payoff matrix for the game.
b. Is there a dominant strategy? If so, what?
c. Is there an equilibrium? If so, what?

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?