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kodGreya [7K]
3 years ago
12

Using a payoff matrix to determine the equilibrium outcome Suppose there are only two firms that sell Blu-ray players: Movietoni

a and Videotech. The following payoff matrix shows the profit (in millions of dollars) each company will earn, depending on whether it sets a high or low price for its players.
Videotech Pricing
High Low
Movietonia Pricing High 11, 11 2, 15
Low 15, 2 8, 8
For example, the lower-left cell shows that if Movietonia prices low and Videotech prices high, Movietonia will earn a profit of $15 million and Videotech will earn a profit of $3 million. Assume this is a simultaneous game and that Movietonia and Videotech are both profit-maximizing firms.
1. If the firms do not collude, what strategies will they end up choosing?
2. The game between Movietonia and Videotech is an example of the prisoners' dilemma.
a. true
b. false
Business
1 answer:
Marina CMI [18]3 years ago
4 0

Answer:

pricing low

yes

Explanation:

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing.

Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

if either firm charges high, they either earn 11 million or 2 million.

if either firm charges low, it would earn either 15 million or 8 million.

because the payoffs of charging low is higher than the payoffs of charging high, the best strategy is for the firms to charge low if there is no cooperation.

the game is a prisoners dilemma because the choice the firms make isn't the choice that will yield the highest payoffs. the choice that would yield the highest payoffs is to both charge high prices.

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When delivering disaster assistance for tribes the best approach is:________
inna [77]

When delivering disaster assistance to tribes the best approach is to find someone who knows about each tribe to tell you how to approach them appropriately.

Tribal governments and their members are an integral part of our nation's emergency management team. Fulfilling her FEMA mission to work together to improve our nation's disaster preparedness and response requires effective inter-tribal relations.

FEMA is committed to assisting the Indian nation in its efforts to build more resilient and more prepared communities. Securing tribal communities and areas in the face of disasters In addition to necessity, FEMA shares the US government's unique interstate relations with federally recognized tribes.

FEMA recognizes the federally recognized tribal sovereignty and is committed to strengthening partnerships with tribal governments to improve emergency and disaster response capabilities across India.

learn more about Native Americans here: brainly.com/question/24724492

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8 0
2 years ago
The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:
Rainbow [258]

Answer:

d. $75,000

Explanation:

                                total         Los Angeles    Bay Area  Central Valley  

Revenues           $750,000      $200,000     $235,000    $325,000

Variable exp.      $410,000        $110,000      $120,000     $180,000

Controllable       $210,000         $65,000        $75,000      $70,000

<u>fixed expenses                                                                                      </u>

controllable        $130,000        $25,000        $40,000      <u>$75,000</u>

profit margin

Noncontrollable fixed expenses and common fixed expenses are not included in the calculation of individual controllable profit margin.

7 0
3 years ago
You have one beanbag and five targets set up in front of​ you, each farther away than the last. Target A sits almost within​ arm
marta [7]

Answer:

C) high need for achievement

Explanation:

McClelland's Theory of​ Needs states that all individuals have three basic motivators:

  1. Achievement: you need to establish and accomplish challenging goals, you like to take calculated risks, like to work alone, although you occasionally enjoy when others recognize your achievements.  
  2. Affiliation: you need to belong to a group, and you need them to like you.  
  3. Power: you need to control and influence other people, you like to win arguments, and you enjoy competing and receiving the status of a winner.  

4 0
3 years ago
A person strongly feels that going into debt is wrong. This is an example of the influence of:
Nataly [62]

A person powerfully feels that go off into debt is incorrect. This is an instance of the powerfulness of marketing and advertising.

<h3>What is marketing and advertising?</h3>

Marketing is defined as the process of discovering a consumer's needs and selecting some effective mode to communicate those demands.

Advertising is the practice of marketing a business concern and its products or services through pay off channels. To put it another way, advertising is a part of marketing.

Marketing and advertising aggressively convinces everyone that going into debt is a bad idea.

Therefore, option C is correct.

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5 0
2 years ago
A service provided by e-government that requires access to the Internet is _____.
joja [24]
For the answer to the question above, A service provided by e-government that requires access to the Internet is <span>E-tax returns.
I hope my answer helped you. feel free to ask more questions. Have a nice day!</span>
3 0
3 years ago
Read 2 more answers
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