If player 2 charges $12 per widget, what price would player 1 charge in response? Player 2 $10 $12 Player 1 $10 $40,000 π₁ = $80,000 #₂ = $40,000 π₂ = $20,000 $12 π, $20,000 π₁ = $60,000 = $80,000 π₂ = $60,000 $10 $12 Cannot be determined.
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- Suppose that the University of Alabama and Clemson are making spending decisions for theupcoming year. Assume that Alabama is currently spending $15 million on their recruiting andfacilities, and Clemson is spending $10 million. Each team has an additional $5 million to spendor keep as profits. If they both choose to not spend the additional $5 million then Alabama hasa 60% chance of getting the highest quality quarterback recruit to commit to them (getting thecommitment of the player is the goal). However, if they both choose to spend the additional $5million then there is a 57% chance that Alabama gets the high quality quarterback to commit. IfAlabama spends the additional $5 million but Clemson doesn’t then there is a 67% chanceAlabama gets the recruit. However, if Alabama does NOT spend the additional $5million butClemson does then there is a 50% change either team gets the recruit’s commitment. Setup thepayoff matrix and label the players, their strategies, and their payoffs, and…N: $30 V: $130 High price New firm N: $50 V: $100 Low price Advertise Verizon N: $60 V: $140 Do not advertise Expand High price New New firm firm Low price N: $70 V: $90 Do not N: $30 V: $170 The figure shown displays the choices that could be made by Verizon and a new firm in the industry. The payoffs are the profits (in millions) these companies will earn as a result of their choices. What will be the outcome of this game? Multiple Choice The new firm will expand; Verizon will advertise; the new firm will choose high prices. The new firm will expand; Verizon will advertise; the new firm will choose low prices. The new firm will expand; Verizon will not advertise; the new firm will choose high prices. The new firm will not expand. еxpandThe above table shows the payoffs that either Darrin or Rob receive depending on whether they choose a high or a low price strategy. The predicted outcome is A. Darrin - Low Price; Rob - Low Price. B. Darrin - Low Price; Rob - High Price. C. Darrin - High Price; Rob - Low Price. D. Darrin - High Price; Rob - High Price.
- Why does Tiger WoodsLinks to an external site. play in Asia and Australia late in the season when it’s no secret that he’d really only like to play four events per year if he could (the major championships)? It all comes down to cold hard cash. Woods’ appearance fee is $3 million and there are tournaments in Asia and Australia willing to shell out that kind of money for Woods’ presence. (Bleacherreport.com, "PGA Tour: Is It Time To Reconsider Appearance Fees?" Jan. 2011). If Tiger's appearance fee is the result of a Nash bargaining equilibrium, how much does his participation in these golf tournaments increase tournament revenues? Explain briefly. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Suppose you have one type of customer who comes to see your team play and that customer has a demand curve of P = $40 - Q. Also assume the marginal cost of having a person come to see your game is a constant $2. If you were to charge a two-part pricing scheme whereby you charged a PSL and then a price-per-ticket, which strategy would lead to the highest possible profit per customer? PSL = $722; P = $2 %3D PSL = $361; P = $21 %3D PSL = $1,444; P = $21 %3D PSL = $361; P = $2 %3DProblem: Imagine you have two competing athletes who have the option to use an illegal and dangerous drug to enhance their performance (i.e., dope). If neither athlete dopes, then neither gain an advantage. If only one dopes, then that athlete gains a massive advantage over their competitor, reduced by the medical and legal risks of doping (the athletes believe the advantage over their competitor outweighs the risks from doping ). However, if both athletes dope, the advantages cancel out, and only the risks remain, putting them both in a worse position than if neither had been doping. What outcome do we expect from these two athletes? Please use ideas like concepts of monopolies, Oligopolies and Game Theory and Factor markets for this scenario.
- Use this information for questions 19-22. Consider the Acid Rain Game with new payoffs below. Total net benefits are given in the payoff matrix below. Country B $96 O $108 $90 Low $120 Abatement High Abatement Country A Low Abatement A: $20 B: $10 A: $21 B: $7 Imagine Country B discounts future profits at d=0.9. If you know that Country A will use the grim reaper punishment, what is the present value of net benefits from deviating for Country B? High Abatement A: $14 B: $18 A: $22 B: $12adidas Low Prices $8 million $10 million O $2 million O $6 million $4 million $2 million Low Prices $10 million $15 million $10 million High Prices $2 million $8 million If the players in the figure shown act in their own self-interest, then we know that adidas will earn: If the players in the figure shown act in their own self-interest, then we know that adidas will earn Multiple Choice Nike $6 million High PricesNone
- When Home depot charges $93 for a children's game, they sell 100 units. When they charge $85, they sell 120 units. If they were to give away the game for free, how many units (Q) would be demanded?Please correct answer and don't use hand ratingRefer to the following payoff table: Firm A's Advertising Budget Low Multiple Choice Medium High A D G $900, $900 Low $1,000, $800 Firm A High; Firm B Low Firm A Low; Firm B Low Firm B's Advertising Budget Medium B E H $820, $1,220 $950, $1,025 с F 1 High $875, $920 $800, $875 $1,025, $1,175 Using the method of successive elimination of dominated strategies, which strategies, if any, are eliminated after the first round? $1,060, $1,100 $1,040, $1,000