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
natka813 [3]
3 years ago
14

Refer to the payoff matrix. bob's burgers and sam's sandwiches are competing restaurants in a small town. both are considering a

dding pizza to their line of products. if this is a one-time simultaneous game:
a. both firms have a dominant strategy to add pizza to their menu.


b. both firms have a dominant strategy to not add pizza to their menu.


c. a nash equilibrium occurs either when both add pizza or both do not add pizza.


d. neither firm has a dominant strategy.
Business
1 answer:
tamaranim1 [39]3 years ago
3 0

Answer:

the correct answer is the option D: neither firm has a dominant strategy

Explanation:

To begin with, if both firms decides to add pizza to their menu then they both will be competing with that new item in the market and therefore that none of them will be dominant due to the fact that both are now producing and selling the good. Moreover, it is not a nash equilibrium due to the fact that it is not stated if the players know the other one strategy and even though that the best strategy to take in order to establish one's dominance is to add pizza to the menu, what happens here is that both take that strategy making it in a situation where both tried their best to improve their situation and ended up using the same strategy.

You might be interested in
Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. He pays a sales commission of 15%
Rudik [331]

Answer:

Stanley's Bicycles contribution margin is $7,500

Explanation:

<u>Stanley's Bicycles Contribution Margin Income Statement for the month of June</u>

Sales ($750 x 200)                                                       $150,000

Less Variable Costs :

Costs of Sales ($600 x 200)                  $120,000

Commissions ( $150,000 x 15 %)            $22,500    ($142,500)

Contribution                                                                     $7,500

Less Fixed Costs

Rent                                                             $1,400

Salaries                                                       $3,000       ($4,400)

Net Income                                                                       $3,100

Conclusion

Contribution Margin is Sales less Variable Costs. Therefore, Stanley's Bicycles contribution margin is $7,500

3 0
3 years ago
Computers Inc. is a United States computer and consumer electronics company that designs and manufactures electronic devices. Co
Galina-37 [17]
No the electronic devices where made to text and easier to text
5 0
3 years ago
Debt management ratios measure __________.
tankabanditka [31]
Debt management ratios measure how well a company is using debt versus equity position.
8 0
3 years ago
Which of the following transactions will REDUCE your checking account balance immediately?
tino4ka555 [31]

Answer:

the answer B

Explanation:

using your debit card to pay groceries at the supermarket

8 0
3 years ago
Most international business messages tend to be written in an informal, conversational manner. should be written following gener
Virty [35]

Answer:

should conform to the conventions of the receiver's country

Explanation:

The more an international business adapts its operations to the specific culture of the countries where it operates, the more likely it is that it will succeed, since customers are very sensitive to their own culture, and lacking this understanding can result in ineffective communication, and less sales.

For this reason, interantional business messages should conform to the conventions of the receiver's country: like this, people in the receiver country will not only understand the message clearly, but will also feel identified with it, raising their level of trust in the company.

6 0
3 years ago
Other questions:
  • On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On J
    13·1 answer
  • How do I get better at Risk the Board Game
    9·1 answer
  • Esky corporation, a chain of retail stores, monitors 10 performance indicators that are believed to be correlated with better qu
    13·1 answer
  • If you cause a car accident, which type of insurance will require you to pay the least out of pocket?
    15·1 answer
  • A student wanted 20.000g of a salt. which balance should the student use in order to obtain the most accurate quantity: a platfo
    11·2 answers
  • McLaughlin borrowed her roommate's car just to take her mother to the hospital. While delivering her mother at the hospital, McL
    7·1 answer
  • Mr. Merritt lists 6 key traits of a leader. What are they
    5·1 answer
  • If Hosne and Merve switch from each person dividing her time equally between the production of purses and wallets to each person
    6·1 answer
  • Which of the following is not the type of work done in a support department? c. maintenance work done to keep production machine
    10·1 answer
  • The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningfu
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!