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astra-53 [7]
2 years ago
5

Suppose Alex and Becky are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix t

hat follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Alex chooses Right and Becky chooses Right, Alex will receive a payoff of 5 and Becky will receive a payoff of 5.
Becky

Left Right

Alex Left 6, 6 6, 3

Right 4, 3 5, 5

The only dominant strategy in this game is for___ to choose_____ .

The outcome reflecting the unique Nash equilibrium in this game is as follows:

Alex chooses______ and Becky chooses_______ .
Business
1 answer:
Iteru [2.4K]2 years ago
8 0

Answer:

The only dominant strategy in this game is for__Alex_ to choose__Right___ .

The outcome reflecting the unique Nash equilibrium in this game is as follows:

Alex chooses__Right____ and Becky chooses__Left_____ .

Explanation:

The game theory of the Nash equilibrium achieves the optimal outcome of a game because Alex and Becky are not incentivized to deviate from their chosen strategies after considering the opponent's choice.  Neither of these two players can increase their payoff by choosing an action different from their current strategic action. Thus, this action profile achieves a Nash equilibrium for the two players because there exists randomization in the game.

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Molodets [167]

Answer:

it would be easier to form a cartel with few producers

Explanation:

since a cartel is a monopolistic type of org. few producer will earn and generate more profit

7 0
3 years ago
Why don't supply restriction programs work well in increasing farm prices and income?
Tju [1.3M]
Supply restricted program heavily reduce the amount of products that sold in the market (that mostly came from import) in order to increase the price and income for local business.
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3 years ago
Read 2 more answers
CPAs become involved in a variety of types of engagements. For each of the following statements, indicate whether it relates to
Nookie1986 [14]

Answer:

a. Examination

b. Review

c. Agreed upon procedures

d. Examination

e. Reviews

f. None

g. Reviews

h. Agreed upon procedures

i. Examination

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Explanation:

Examinations are meant to provide higher level of assurance in audits, in order to provide detailed view and opinion on the audit area.

Reviews are meant to provide the certificate of approval that financial reporting framework is followed or not, or whether their is no material change in the financial statements etc:

Under agreed upon procedures the CPA is to report on some specific areas agreed with the management to report upon rather than complete financial statements.

Remaining explanation:

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3 0
3 years ago
Lucy wants to attach a goal cost to each of her life goals. why might she do this?
hammer [34]
She most likely wanted to do this to keep track of her budgeting.

By counting the cost of each of her goals, she will know exactly how much she has to earn and how much work she has to do in order to fulfill all of her Goals

hope this helps
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3 years ago
According to the table what has the investor done with money earned through interest?
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