The incumbent offers payments t1 and t2 for buyer 1 and 2, respectively, in exchange for an exclusive contract. If at least one buyer accepts an exclusive contract, there is no entry and both buyers get zero surplus. If both buyers reject the exclusive contract, entry occurs and buyer 1 gets a surplus of 90 while buyer 2 gets 130. The buyers decide simultaneously whether to accept or reject the offer. Assume that if a buyer gets the same payoff with both options, he/she accepts the exclusive contract. What are the contract offers t1 and t2 that minimise the payment of the incumbent to the buyer and prevent entry? B2 B1 Аcсept Reject Ассept t, t2 t,, 0 Reject 0, t2 90, 130 Page 10 O t1 = 0 and t2 = 90 O t1 = 130 and t2 = 90 O t1 = 0 and t2 = 220 O t1 = 90 and t2 = 130 O None of the above.

The incumbent offers payments t1 and t2 for buyer 1 and 2, respectively, in exchange for an exclusive contract. If at least one buyer accepts an exclusive contract, there is no entry and both buyers get zero surplus. If both buyers reject the exclusive contract, entry occurs and buyer 1 gets a surplus of 90 while buyer 2 gets 130. The buyers decide simultaneously whether to accept or reject the offer. Assume that if a buyer gets the same payoff with both options, he/she accepts the exclusive contract. What are the contract offers t1 and t2 that minimise the payment of the incumbent to the buyer and prevent entry? B2 B1 Аcсept Reject Ассept t, t2 t,, 0 Reject 0, t2 90, 130 Page 10 O t1 = 0 and t2 = 90 O t1 = 130 and t2 = 90 O t1 = 0 and t2 = 220 O t1 = 90 and t2 = 130 O None of the above.

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Description: The incumbent offers payments t1 and t2 for buyer 1 and 2, respectively, in exchange for an exclusive contract.If at least one buyer accepts an exclusive contract, there is no entry and both buyers get zero surplus.If both buyers reject the exclusiv

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.

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Question

The incumbent offers payments t1 and t2 for buyer 1 and 2, respectively, in exchange for an exclusive contract.
If at least one buyer accepts an exclusive contract, there is no entry and both buyers get zero surplus.
If both buyers reject the exclusive contract, entry occurs and buyer 1 gets a surplus of 90 while buyer 2 gets 130.
The buyers decide simultaneously whether to accept or reject the offer. Assume that if a buyer gets the same payoff with both options, he/she accepts the exclusive
contract.
What are the contract offers t1 and t2 that minimise the payment of the incumbent to the buyer and prevent entry?
B2
B1
Ассept
Reject
Ассept
t1, t2
t,, 0
Reject
0, t2
90, 130
Page 10
t1 = 0 and t2 = 90
t1 = 130 and t2 = 90
t1 = 0 and t2 = 220
t1 = 90 and t2 = 130
O None of the above.

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