Complete the payoff matrix to show how this scenario would end up as a prisoner's dilemma for Horizon and AT-Phone. Low production: 300 customers Horizon $27,000 Low production: 300 customers AT-Phone High prodiction: 400 customers $27,000 revenue $24,000 High production: 400 customers $30,000 revenue $22,500 revenue $24,000 revenue C $22,500 D $30,000
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- mall Dynaco Jains Pynaco gains 4. Synergy and Dynaco are the only two firms in a specific high - tech industry. They face the following payoff matrix as they determine the size of their research budget: Synergy's Deeision Small Bodget Lange Budget Synergy gain $420M Symedgy Dynaco ins Large budget Dynaro gains $30M Synergy Small Dynaco Jains Budget Jains zero Dynae's 2ero gains $70m Synergy Pynaco gains gains #50M Decision a. Does Synergy have a dominant strategy? Explain. b. Does Dynaco have a dominant strategy? Explain. c. Is there a Nash equilibrium for this scenario? Explain. (Hint: Look closely at the definition of Nash equilibrium.). When Chinese automakers began exporting cars, rather thanfocusing on developed nations in the West, they shippedautos to emerging markets in countries such as Algeria, Russia,Chile, and South Africa. In these markets, even used vehiclesfrom multinational manufacturers are relatively scarce—andrelatively expensive. The Chinese automakers, who prioritizelow cost rather than design or even safety, applied a penetration-pricing strategy. A woman in Santiago, Chile, who boughta new Chery S21 explained, “The price factor is fairly decisive.I paid $5,500 new and full. Toyota with similar features costsaround $12,000.” Why do you think Chinese automakerschose that pricing strategy? Do you think it was successful?As Chinese regulators pressure these manufacturers to maketheir cars safer, do you think they will be able to keep theirprices low compared with those of the international automakers? Why or why not?26Based on your answer in a, What privacy setting does the smartphone producer implement? Does the social media frim produce the app? If the smartphone producer and social media firm merged to form a single firm, qould this change the outcome you prodecited above? If so, how and not why not?
- 1. Draw a normal form for this tree. 2. Find all the subgames in the tree. 3. Find SPNE (Subgame Perfect Nash Equilibrium) of the tree and explain how it works.1 This table shows the maximum willingness to pay for three consumers of lemonade and hot dogs. The marginal cost of both products is $0.25. A pure bundling strategy, where each bundle includes 1 lemonade and 1 hot dog, would earn a profit of $ Amoli Taahira Mirai Maximum Willingness to Pay Hot dogs O 6.25 4.50 3.75 8.25 2. Lemonade $3.00 2.00 0.25 (Table: Gascolator Producers I) Banner and Sense are Bertrand competitors producing identical gascolators (a main line strainer). Banner's Sense's Price Price $ 80 $100 80 80 100 101 000 $1.50 2.50 3.00 Banner's Sense's Quantity Sold Quantity Sold The inverse market demand curve for gascolators is P = 2,000-40, where Q is the quantity of gascolators and P is the price per gascolator. Banner and Sense produce gascolators at a constant marginal cost of $80. If Banner charges a price of $80 and Sense charges $80, Sense's quantity sold is 0 180 320 240It costs $250 to produce an X-Box. We are trying todetermine the selling price for the X-Box. Prices between$200 and $400 are under consideration, with demand forprices of $200, $250, $350, and $400 given below. SupposeMSFT earns $10 in profit for each game that an X-Boxowner purchases. Determine the optimal price andassociated profit for the case in which an average X-Boxowner buys 10 games. Console Price ($) Demand200 2.00E06250 1.20E06350 6.00E05400 2.00E05Unit cost $250
- PLEASE CHECK THIS HOW TO SOLVE PLEASE TEACH EXPLAIN STEP BY STEP how to take derivititive v'Dear expert bro hand written not allowed.Alpha Gear is a fitness apparel company. One of their best selling products are their joggers. The company sells joggers under a block pricing scheme that charges $13 per pair of joggers if the customer buys up to 10 joggers and $8 if they buy 11 to 20 joggers. The demand curve is Q-1400 - 25P, and the marginal cost of making a pair of joggers is $5. What are the profits for Alpha Gear under this pricing scheme? 8975 8600 3600 12200 000
- Kate and Alice are small-town ready-mix concrete duopolints. The market demand tunction is o- 20,000 - 200Pwhere Pis the price of a cubic yard of concrete and Ois the number of cubic yards demanded per year. Marginal cost is sa0 per cubic yard. Suppose Kate onters the market first and chooses her output belore Alice. What is the difference in Alice's profit when Kata enters the market tirst, compared to when they simultanecusly select ther outputa? When Kate entors the markat first, Alice's profit is $3,888.a0 lower. O When Kate enters the market fest, Alice's profit is 513,333.33 lower. O When Kate enters the market first, Alice's profit is $5,000 lower. O When Kate onters the market first, Alice's proft is $1.111.11 higher,Save Answer Consider two cigarette companies, PM Inc. and Brown Inc. If neither company advertises, the two companies spit the market and earn $60 million each. If they both advertise, they again split the market, but profits are lower by $20 million since each company must bear the cost of advertisirlg. Yet if one company advertises while the other does not, the one that advertises attracts customers from the other. In this case, the company that advertises earns $70 million while the company that does not advertise earns only $30 million. What will these two companies do if they behave as individual profit maximizers? Neither company will advertise, and PM Inc. earns $60. One company will advertise, the other will not. Brown Inc. earns $70. Both companies will advertise, and PM Inc. earns $40. Both companies will advertise, and PM Inc. earns $60.Discussion Question 13-11 Network effects give Internet firms a boost with respect to first mover advantages. This is because with network effects O whichever firm's network becomes the largest will become the most valuable to potential customers and will therefore attract even more users. O only firms with access to proprietary technology can form a network. O networks can be networked to create even more traffic and profits. O the first internet firm to establish a network has the most influence over any regulation. When network effects are at play, an increase in the number of people using a given product will shift the demand curve to Oright and make it more elastic. O the right and make it more inelastic. O left and make it more inelastic. O left and make it more elastic. NOV 12 tv NA 10