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dybincka [34]
3 years ago
15

Solving for dominant strategies and the Nash equilibrium

Business
1 answer:
hichkok12 [17]3 years ago
5 0

Answer:

The dominant strategy is for Deborah to choose left.

Carlos chooses right while Deborah chooses left.

Explanation:

Nash equilibrium is a state where both the participants gain from the payoff matrix by choosing a strategy which is beneficial for both of them. The Deborah is in a state that she will gain when she chooses left. Carlos is indifferent as she can choose right also but to be in Nash equilibrium Carlos should choose right and Deborah should go with left.

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Answer: sustainable competitive advantage

Explanation:

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Since Powell Lighting decided to limit its LED light bulbs to outdoor models and ensured that the models were the longest-lasting and lowest-priced on the market thereby giving it an edge over its competitors.

In this scenario, Powell Lighting maintained a sustainable competitive advantage through its innovative strategy.

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3 years ago
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Answer:

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Explanation:

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3 years ago
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Answer:

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3 years ago
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4 years ago
Read 2 more answers
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