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Reil [10]
2 years ago
8

The normal-form game box below outlines a generic game for two players to illustrate basic principles. Each player has two strat

egies (top and bottom for player 1 and left and right for player 2). The letters in the boxes represent the payoffs based on the combination of strategies chosen, so if the choices are (bottom left), player 1 receives a payoff of eand player 2 receives a payoff off.
Player 2
Game Matrix Left Right
Player 1 Top a,b c,d
Bottom e, f g h
If (top, left) is a dominant strategy equilibrium, which of the following must be true?
a) A hf.
b) g> C.
c) b>d.
d) c>g.
e) aze.
Which of the following statements is true?
A. No Nash equilibrium is also a dominant strategy equilibrium.
B. No dominant strategy equilibrium is also a Nash equilibrium.
C. Every dominant strategy equilibrium is also a Nash equilibrium.
D. Every Nash equilibrium is also a dominant strategy equilibrium.
Business
1 answer:
tatiyna2 years ago
5 0

Answer:

1. c) b>d

d) c>g

2. No dominant strategy equilibrium is also a Nash equilibrium.

Explanation:

Payoff matrix are  used in business as it represent the possible outcomes of the decisions made. In the given scenario player 1 and player 2 have different outcomes based on the game matrix. The player 1 will get best possible payoff when he falls in Top Left matrix. This is dominant strategy which must be Nash equilibrium.

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Explanation:

Exporting is the sale of goods to other countries apart from your own even though the goods being sold were produced in your own country.

Exporting works best when the country doing the exporting is capable of producing the goods being exported at a lower price than the country that it is sending to, that way the people in that country have an incentive to buy it over locally made products. WoodCore is producing in the U.S. and selling elsewhere. This is exporting.

8 0
3 years ago
Frictional unemployment is:
frozen [14]

Answer:

D.unemployment that is due to normal turnover in the labor market.

Explanation:

Frictional unemployment occurs as as result of normal movement of workers in an economy due to changing of jobs. It is also called transitional employment.

This type of employment can occur even when there is full employment in the economy and people want to move from one job to the other.

Frictional unemployment could be due to quitting, termination, seasonal employment, or term employment.

4 0
3 years ago
Brian is 60 years old, single, and legally blind. Brian supports his father, who is 88 years old and blind, by paying the rent a
Phoenix [80]

Answer:

The correct answer to the following question is option B) $19,600.

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8 0
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You're been placed in charge of all promotion for a product that has common appeal in different cultures around the world. You'l
borishaifa [10]

Answer:

True

Explanation:

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For example, a popular product like Coke that has common appeal in different cultures around the world often engages in promotion in order to still keep existing customers and to acquire new ones because of the presence of other competitors.

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Answer:

C, none of the choices

Explanation:

from the qeustion, it can be seen that Uri was offered a test ride of the car but he clearly refused. For him to have bought that car without a test drive and later realise the car has a faulty suspenion, he cannot rescind the contract on any of the bases because if he had agreed to the test drive, he would have found out about the faukty suspension and woudn't have bought that car.

It is clearly Uri's fault that he ended up with a car that has a faulty susppension. this isn't a case of fraud or mistake on the part of Stan, neither did Stan unduely influence him to buy the car according to the question.

Cheers.

4 0
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