One of the most famous examples of a standards war arises from what is known as the War of Currents between Thomas Edison and Nikola Tesla. Edison favored the use of direct current (DC) systems whereas Tesla promoted the use of alternating current (AC) systems. Each had their own benefits and drawbacks, but both men knew that neither system would be successful unless one format was adopted on a wide scale. Using this information, please fill in the payoff matrix. In each label, the number before the comma is Edison's payoff and the number after the comma is Tesla's payoff. Edison AC DC AC no change Tesla DC What would you expect to happen to the price of the standard that wins the war? increase decrease Anwer Bank 2500 700 10
One of the most famous examples of a standards war arises from what is known as the War of Currents between Thomas Edison and Nikola Tesla. Edison favored the use of direct current (DC) systems whereas Tesla promoted the use of alternating current (AC) systems. Each had their own benefits and drawbacks, but both men knew that neither system would be successful unless one format was adopted on a wide scale. Using this information, please fill in the payoff matrix. In each label, the number before the comma is Edison's payoff and the number after the comma is Tesla's payoff. Edison AC DC AC no change Tesla DC What would you expect to happen to the price of the standard that wins the war? increase decrease Anwer Bank 2500 700 10
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Transcribed Image Text:One of the most famous examples of a standards war arises from what is known as the War of Currents between Thomas Edison
and Nikola Tesla. Edison favored the use of direct current (DC) systems whereas Tesla promoted the use of alternating current
(AC) systems. Each had their own benefits and drawbacks, but both men knew that neither system would be successful unless
one format was adopted on a wide scale. Using this information, please fill in the payoff matrix. In each label, the number before
the comma is Edison's payoff and the number after the comma is Tesla's payoff.
Edison
AC
DC
AC
increase
decrease.
no change
Tesla
DC
30
What would you expect to happen to the price of the standard that wins the war?
Anwer Bank
45
1600 4000
2500 700
20 ,10
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