Consider Figure 12.3. Becky's optimum strategy is and David's optimum strategy is Becky 90 David 90 David: High or Low Price Becky 60 David 100 H. Becky: High or Low Price Becky 100 David 60 David: High or Low Price Becky 70 David 70 ngure 12.3 O low: high O high: high O high; low O low: low

Consider Figure 12.3. Becky's optimum strategy is and David's optimum strategy is Becky 90 David 90 David: High or Low Price Becky 60 David 100 H. Becky: High or Low Price Becky 100 David 60 David: High or Low Price Becky 70 David 70 ngure 12.3 O low: high O high: high O high; low O low: low

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

Consider Figure 12.3. Becky's optimum strategy is
and David's optimum strategy is
Becky 90
David 90
David:
High or
Low Price
Becky 60
David 100
H.
Becky
High or
Low Price
Becky 100
David 60
David:
High or
Low Price
Becky 70
David 70
Figure 12.3
o low. high
O bigh: high
o high: low
O low: low

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