The 'Promotion' strategy (one of the 4 Ps) involves planing for Advertising Personal selling O Trade shows Public relations All of the above Key person insurance is for what type of person? O Business owner Site supervisors Investors O Estimators
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- し(5,3) b I(2,2) も(0,0) (4,12) a (12.4) (0,0) i). List all subgame pertect Nash equilibria and name one Nash eqvilibrivm that is not subgame pertect i). How many strategies does playot and player 2 have?A B CPlayer 1 Cooperate (C) Defect (D) Cooperate (C) 3,3 8,0 Player 2 Defect (D) 0,8 1,1 In general, a combination of strategies is a Nash equilibrium if ... Every player is choosing a best response against the other players' strategies. Every player has a positive payoff. The players maximize the sum of their payoffs. The players choose identical strategies. If the game is repeated, which cooperative actions could benefit both players? O Both players choose C. Player 1 chooses C, Player 2 chooses D. O Player 1 chooses D, Player 2 chooses C. Both players choose D.
- Table 1 shows the Matrix Representation of McDonalds and Burger King Companies game, A. Suppose that Burger King decides to advertise its new products. What is the best decision for McDonalds? B. Suppose that McDonalds decides to advertise its new products. What is the best decision for Burger King? C. Using Table 1, show the Nash Equilibrium and Explain.E. Game theory Two firms in Ithaca both making sandwiches have two strategies available: charge a low price and charge a high price. In each cell (box) the first entry is the profit to Angie’s Sandwiches (AS) and the second entry is the profit per week for James Jems. (JJ) JJ charges low price JJ charges high price AS charges low price $20,000, $20,000 $45,000, $50,000 AS charges high price $50,000, $35,000 $30,000, $30,000 1. Is there a Nash Equilibrium? Where is it? Explain. 2. In which cell will the total profit be a maximum?fnan421 WWord Gozden Geç r Gorunum Varc m Ne yaomak steci gnz soy evn 1) Two firms, X and Y, are planning to market their new products. Each firm can develop either TV or Laptop. Market research indicates that the resulting profits to each firm for the alternative strategies are given by the following payoff matrix: FIRM Y TV LAPTOP FIRM X TV 30, 30 50, 35 LAPTOP 40,70 20, 20 A) If both firms make their decisions at the same time and follow maximin (low-risk) strategies, what will the outcome be? B) Suppose both firms try to maximize profits, but Firm X has a head start in planning, and can commit first. Now what will the outcome be? What will the outcome be if Firm Y has a head start in planning and can commit first? I
- Please help awnser 7. Game TheoryAlice and Bob playing the following 2x3 game. In the payoff matrix below, Alice’s payoffsare the first number and Bob’s are the second number.2Кееp production $200 million $300 million Using what you know about the prisoner's dilemma, what would be the profit for Antel and constant IMD in millions? (cooperate Antel profit Antel profit is $20 million is $200 million Antel options IMD profit is IMD profit is $20 million $100 million Increase production (act independently) Antel profit Antel profit is $100 million is $300 million Antel profit: S million million IMD profit: S What would be the best collective option for both firms? Select all of the reasons Antel and IMD would make more profit at the original constant production level? соорerate Because overall demand for computer chips act independently will increase Because they can both charge more for the product at the given level of production Because it restricts the supply of computer chips