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
zavuch27 [327]
3 years ago
9

Suppose that there are customers distributed evenly across a line which runs from 0 to 1. There are two competing vendors that c

hoose where on the line to locate Customers buy from whichever vendor is closest to their location. What is the Nash equilibrium?
a.(0, 1)
b.(1/2, 1/2)
c.(1/3, 2/3)
d.There is no nash equilibrium.
Business
1 answer:
Shtirlitz [24]3 years ago
7 0

Answer:

b.(1/2, 1/2)

Explanation:

If one vendor is located at “1/2” then the best possible respond of the other vendor is “1/2”, both of them of capture the equal share of the market.

Therefore, Nash equilibrium is (1/2 , 1/2).

You might be interested in
Personal selling refers to
Mrac [35]

Answer:

The answer is option A)Personal selling refers to:  A customer-directed flow of communications, often in a face-to-face encounter, designed to promote a product with the purpose of making a sale.

Explanation:

Personal selling involves a face to face approach encounter with customers. In advertising, Personal selling involves the use of marketers with great interpersonal and sales skills employed to promote a product offering in the field where they can interface one on one with customers for the purpose of generating sales.

This supports the definition of personal selling as a customer-directed flow of communications, often in a face-to-face encounter, designed to promote a product with the purpose of making a sale.

3 0
3 years ago
What's the best software for architects or designers?
satela [25.4K]

Answer:

Solid works

Explanation:

I recommend this, but it is more on the designing side, more than the architecture side.

5 0
4 years ago
On november 1, current year, rockcreek corporation invested 60,000 in a new delivery truck. the truck is being depreciated at a
omeli [17]
The answer would be the stockholders w=equity minus
8 0
4 years ago
If a company's CRM efforts lead to an increase in the number of goods or services purchased by a consumer, then it has been succ
qaws [65]

Answer:

The answer would be B

Explanation:

The companies  competitive today have understood and learned that there is success  to look for it in the management of a successful Customer Relationship,  beyond profitability by product or product lines of the past. He  success, and therefore business profitability, then come hand in hand with the  customer interaction, customer knowledge, recognizing its value  current and potential, to know what products you like, to listen to your complaints and  suggestions and know how to use them for the benefit of the company, in short  it is about being able to know and predict the current and future behavior of  customers to ensure their complete and full satisfaction, to finally

Get your loyalty to the company.

5 0
3 years ago
Read 2 more answers
Smart cards can be used for a variety of purposes, including storing a user's financial facts, health insurance data, credit car
Dima020 [189]

Answer:

The correct answer is True.

Explanation:

Smartcards are determined by the internal structure of the memory handled by the microprocessor. They are manipulated by readers manufactured for that specific purpose. Smart cards have made their entry into Cuba, an entry that has been really slow, but with the potential attributed to such technology, it seems to promise an overwhelming step in a society that is moving towards computerization.

4 0
3 years ago
Read 2 more answers
Other questions:
  • A contract is said to be implied if the A. Seller signs a listing agreement B. Buyer signs a buyer representation agreement C. p
    11·1 answer
  • Q 6.6: niles industries is a merchandising company. it currently holds $6,000 in consignment goods for martin corporation. in ad
    9·1 answer
  • Corporate-level strategy is concerned with ____ and how to manage these businesses. a. whether the portfolio of businesses shoul
    15·1 answer
  • In a market without price controls, supply will eventually _____ demand. Then consumers will buy all the products that producers
    11·2 answers
  • When asked why she participated with other students in a protest against treatment of women on her campus, Kai says that all hum
    5·1 answer
  • Assume that the risk-free rate is 3.5% and that the market risk premium is 4%.What is the required rate of return on a stock wit
    11·1 answer
  • Lew's has 500 bonds outstanding with a price quote of 98.6. There are also 12,000 shares of common stock selling for $47 a share
    14·1 answer
  • Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a red
    5·1 answer
  • A liquidity ratio measures the Group of answer choices income or operating success of an enterprise over a period of time. abili
    15·1 answer
  • Commerce Corporation has a high probability of operating at 40,000 activity hours during the upcoming period, and lower probabil
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!