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
GuDViN [60]
3 years ago
14

The Nash equilibrium of this game is for Tying-the-Knot to set alow price and Bridezilla-No-More to set alow price. True or Fals

e: Both firms would be worse off if they cooperated and set a high price for their services, instead of using the Nash equilibrium. True False Suppose that the firms play this game indefinitely. Both firms agree to cooperate in order to maintain higher profits. To deter cheating, Tying-the-Knot announces that it will play a grim strategy. Given this strategy, what will happen if Bridezilla-No-More breaks the cooperative agreement in the first period
Business
1 answer:
iragen [17]3 years ago
3 0

Answer:

Tying-the-Knot and Bridezilla-No-More

1. The Nash equilibrium of this game is for Tying-the-Knot to set a low price and Bridezilla-No-More to set a low price.

True

2. Both firms would be worse off if they cooperated and set a high price for their services, instead of using the Nash equilibrium.

False

3. Given Tying-the-Knot grim strategy, if Bridezilla-No-More breaks the cooperative agreement in the first period,

there will be a permanent breakdown in cooperation between the two firms.

Explanation:

Playing the grim trigger strategy, Tying-the-Knot cooperates with Bridezilla-No-More in the first round and in the subsequent rounds as long as Bridezilla-No-More does not defect from the agreement.  Once Tying-the-Knot finds that Bridezilla-No-More has betrayed the agreement in the previous game, he will then defect forever.  Both firms will then lose as they cannot cooperate to achieve higher profits.

You might be interested in
Tucker Electronic System's current balance sheet shows total common equity of $3,125,000. The company has 125,000 shares of stoc
Airida [17]

Answer:

The answer is $27.50

Explanation:

Total Common Equity(stock) as per book is $3,125,000

Total outstanding shares of equity(stock) is 125,000

Therefore, Tucker Electronic System's book values per share is:

$3,125,000/125,000

$25.

And the market value per share is $52.50

Therefore, the difference between the market value per share and book values per share is:

$52.50 - $25

=$27.50

4 0
4 years ago
Ou have 3 credit cards: $990.34 (credit limit: $3,500.00), $2,365.78 (credit limit: $4,600.00), and $5,897.65 (credit limit: $8,
Molodets [167]
The correct answer in this particular situation would be it increased.
4 0
4 years ago
Bob is angry at his company XYZ Corp. since his annual bonus was too small. Bob who has authority to sign checks on behalf of XY
hoa [83]

Answer:

d) The bank does not need to pay because of the fictitious payee rule.

Explanation:

Here, the instrument is issued to a payee who has no interest in instrument and thus it is referred as fictitious payee. According to UCC's fictitious payee rule, the indorsement to fictitious payee is not considered forgery. In this case, the maker or drawer of instrument is liable for it. The drawer bank and collecting bank both are not liable for it.

7 0
3 years ago
2 Points
Elza [17]

Answer:

C

Explanation:

As unsold items end up being stale and get wasted , it is good for a business to avoid such as much as  possible in order to maximize profit.

The customers buying pattern can easily reveal what they prefer to buy and what they do not buy . This can serve as a guide to the producer in what to sustain or increase producing and what to reduce or eliminate in the production line so as to maximally control the level of waste generated due to outdated or unsold stock.

7 0
3 years ago
Average world income began to increase rapidly during:
Aloiza [94]

Answer:

The industrial revolution

Explanation:

The industrial revolution which is also known as the first industrial revolution during the 18th century is referred to the transition of industries in a new advanced manufacturing process in the United States and Europe.  

It is said in many research that the time of the industrial revolution is very harsh for workers and other labor category but it improves the standard of living of people of that time which is due to an increase in wages.

4 0
4 years ago
Other questions:
  • A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing togethe
    13·1 answer
  • Which of the following is NOT a form of presidential intervention?
    14·2 answers
  • One component of the pension liability under both U.S. GAAP and IFRS is prior service cost (or past service cost under IFRS). AB
    11·1 answer
  • Why might you want to use an encoder to convert a WAV file to an MP3 file ?
    14·1 answer
  • Student tuition at Boehring University is ​$150 per semester credit hour. The state supplements school revenue by ​$80 per semes
    10·1 answer
  • g Excess reserves refer to the Multiple Choice difference between a bank's vault cash and its reserves deposited at the Federal
    7·1 answer
  • The percentage change in prices over time. This is a key indicator of the cost of
    11·2 answers
  • Several years ago, The Wall Street Journal reported that the winner of the Massachusetts State Lottery prize had the misfortune
    12·1 answer
  • What kind of motion is one dimensional motion?​
    5·1 answer
  • What are the key differences between strategic, operational, and analytical crm?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!