1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna71 [15]
3 years ago
10

Suppose Musashi and Rina are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix

that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Musashi chooses Right and Rina chooses Right, Musashi will receive a payoff of 4 and Rina will receive a payoff of 4.
Rina Rina
Left Right
Musashi Left 4, 3 6,1
Musashi Right 7,6 4,4

The only dominant strategy in this game is for _____ to choose _____.

The outcome reflecting the unique Nash equilibrium in this game is as follows: Musashi chooses _____and Rina chooses _____.
Business
1 answer:
natulia [17]3 years ago
4 0

Answer:

a) Dominant strategy is for Rina to choose Right.

b) Musashi chooses left and Rina chooses right

Explanation:

As per the data given in the question,

a).

A winning strategy is the tactic a player selects regardless of the tactic other player selects.

When Rina selects left, Musashi selects right because  (7>4)

When Rina selects right, Musashi selects left because  (6>4)

When Musashi selects left, Rina selects right because (6>1)

When Musashi selects left, Rina selects right because  (7>6)

So only dominant strategy is for Rina to choose Right

b)

In a Nash equilibrium, the players decide their strategies taking in consideration other strategy.

Hence, Musashi chooses left and Rina chooses right, (payoff: 6,1)

You might be interested in
Athletes who train at high altitudes increase their red blood cell count and thus increase their oxygen supply during exercise.
kkurt [141]
<span>Athletes who train at high altitudes increase their red blood cell count and thus increase their oxygen supply during exercise. Increased oxygen supply results in more amount of oxygen laden blood supply to the muscles of the body.</span>
3 0
3 years ago
Read 2 more answers
Country A can produce two goods: good X is labor-intensive and good Y is labor-intensive. As a result of international trade the
vekshin1

Answer:

Both goods are originally labor intensive, so we can conclude that the country has a lot of labor resources, while their capital resources should be rather limited. Since the world price of good X increases compared to the price of good Y, then the country will export larger amounts of good X since its price is relatively higher.

4 0
3 years ago
_____, as a conflict management strategy, is the political equivalent of "win some, lose some" and is possible in a long-term re
Lady bird [3.3K]

Answer:

compromising

Explanation:

Compromising—when you compromise or “split the difference” in a conflict which is the political equivalent of "win some, lose some" and is possible in a long-term relationship where there is time for give-and-take exchange.

5 0
3 years ago
On January 1, 20X7, Poke Corporation acquired 25 percent of the outstanding shares of Shove Corporation for $100,000 cash. Shove
maria [59]

Answer:

$18,750

Explanation:

Income from investment = 25% * $75,000

Income from investment = 0.25 * $75,000

Income from investment = $18,750

The amount that will be reported by Poke as income from its investment in Shove for 20X8, if it used the equity method of accounting is $18,750

4 0
2 years ago
An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical produ
mixas84 [53]

Answer: Option B and C

         

Explanation: In simple words, oligopoly refers to the market structure in which there are few firms operating at a huge level and selling products that are close but not absolute substitutes of each other.

     The high level of investment and too much of legal formalities makes it difficult to entry in such industries. Firms in such industries produce identical goods thus they do not compete in the amaretto with respect to price.

the firms operate their market on the basis of non price factors such as advertisements but still are mutually interdependent on each other as a minor decrease in price of other can deregulate the demand in the whole industry. Automobile sector is one the primary examples of oligopoly.

8 0
3 years ago
Other questions:
  • Bettina likes to know the end from the beginning. She gathers as much information as possible before making a decision. Bettina
    8·1 answer
  • Oakland Corporation reported a net operating loss of $500,000 in 20X3 and elected to carry the loss forward to 20X4. Not include
    11·1 answer
  • In March 2015, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF p
    11·1 answer
  • f the government imposes a binding price ceiling in a market, then the producer surplus in that market will increase.
    11·1 answer
  • Mary makes monthly deposits of $450 at the end of each month over 25 consecutive years to support her retirement. If the account
    12·1 answer
  • It is unlawful for a person to act as a real estate agent unless such person is legally associated
    9·1 answer
  • Pierre Corporation has a precredit U.S. tax of $315,000 on $1,500,000 of taxable income in the current year. Pierre has $300,000
    12·1 answer
  • Consider the futures contract written on the S&amp;P 500 index and maturing in one year. The interest rate is 5.8%, and the futu
    14·1 answer
  • The change in the capital stock is a flow variable. <br> a. True <br> b. False
    13·1 answer
  • Developing a pricing structure that encourages customers to buy additional services that they don't need in order to obtain the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!