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
ioda
3 years ago
12

Martha and Oleg are competitors in a local market and each is trying to decide if it is worthwhile to advertise. If both of them

advertise, each will earn a profit of $5,000. If neither of them advertise, each will earn a profit of $10,000. If one advertises and the other doesn't, then the one who advertises will earn a profit of $8,000 and the other will earn $7,000. What is Martha's dominant strategy
Business
1 answer:
ad-work [718]3 years ago
5 0

Answer: Martha does not have a dominant strategy

Explanation:

A dominant strategy is one that a player can embark on and get the highest payoff regardless of the actions of their competitor.

In this scenario, there is no strategy that Martha can embark on that would provide the greatest payout regardless of Oleg's decision. If Martha advertises, Oleg makes the same amount advertising as well. If Martha does not advertise, Oleg would decide not to advertise as well and make the same amount.

Martha therefore has no dominant strategy as Oleg would make the same amount regardless of which decision is taken.

You might be interested in
Lori wants to give her daughter $25,000 in 8 years to start her own business. How much should Lori invest today, at an annual in
Dovator [93]

The amount of money that Lori should invest today is $13,506.72.

<h3>How much should Lori invest today?
</h3>

In order to determine the amount of money that Lori should invest today, the present value of $25,000 has to be determined. Present value is the sum of discounted cash flows.

Present value = $25,000 / (1.08^8) = $13,506.72

To learn more about present value, please check: brainly.com/question/26537392

#SPJ1

7 0
2 years ago
jameson machinery inc. wants to release their newest equipment in the south american market before other companies in order to e
Natasha_Volkova [10]

Based on the actions of Jameson Machinery Inc, we can infer that they want to benefit from<u> First Mover Advantage. </u>

<u />

First Mover Advantage:

  • Involves being the first company or brand to enter a certain industry
  • Gives the brand a competitive advantage and customer loyalty over other competitors
  • Allows company to perfect services offered

In trying to get to South America first and having their brand established, Jameson hopes to benefit from first mover advantage which would see them have a competitive advantage over competitors that come later.

In conclusion, Jameson hopes to benefit from First-Mover Advantage.

<em />

<em>Find out more at brainly.com/question/14663095. </em>

3 0
3 years ago
The basis for Durkheim's theory of society is the principle that Select one: a. people are the products of their social environm
Molodets [167]

Answer:

a. People are the products of their social environment.

Explanation:

The basis for Durkheim's theory of society is the principle that people are  the products of their social environments. around them. Emile Durkheim is a well known sociologist  and developed lots of social structure theories, which includes the Division of labor, Anomie and Functionalism. The theories of Emile Durkheim's  were founded on the concept of social facts, defined as the norms, values, and structures of society.

4 0
4 years ago
What is the best strategy to avoid paying interest on your credit cards?
lord [1]

c pay the miminum balance each month

8 0
3 years ago
Read 2 more answers
Capacity conciderations in a hospital ​
Masja [62]

Capacity conciderations in a hospital are:

Productions and Operations Management

4 0
3 years ago
Other questions:
  • Stock A has a beta of 1.2 and a standard deviation of 20%. Stock B has a beta of 0.8 and a standard deviation of 25%. Portfolio
    8·1 answer
  • Part 1 Create a performance appraisal template that you feel meets the needs of your current or previous position and organizati
    8·1 answer
  • In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases,
    6·1 answer
  • What is the net present value of a project that has an initial cash outflow of $7,670 and cash inflows of $1,280 in Year 1, $6,9
    8·1 answer
  • Marketing managers at a cosmetic company wanted to find out how resistant their product is to smudging. They hired a research fi
    7·1 answer
  • If the price of gasoline is relatively high for a long time, consumers are more likely to buy fuel-efficient cars or switch to a
    15·1 answer
  • Michele manages employees at maui tours and lodging. she has noticed that one of her employees submits via the computer system t
    5·1 answer
  • Who wants to have their paper proofread for free?
    9·1 answer
  • A fair coin is tossed 3 times in a row. What is the probability that heads appears on only the last toss?
    13·2 answers
  • Mutual fund A earned 10 percent while B earned 8 percent. The standard deviations of the returns were 7 percent and 4 percent, r
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!