-20 40 Enter 50 10 0 0 s the payoff to two airlines, A and B, of serving a particular route. If the two airlines pusly, what happens if the government imposes a $20 per firm tax on firms that dominant strategy.

-20 40 Enter 50 10 0 0 s the payoff to two airlines, A and B, of serving a particular route. If the two airlines pusly, what happens if the government imposes a $20 per firm tax on firms that dominant strategy.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Firm B
Firm A
Enter
10
Enter
Do Not
Enter
0
0
The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines
must decide simultaneously, what happens if the government imposes a $20 per firm tax on firms that
service this route?
Neither firm has a dominant strategy.
Only firm A will enter.
Neither firm entering is a Nash equilibrium.
Not entering is a dominant strategy for both firms.
Do Not
Enter
50
-20
40
O

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