Two network TV channels compete in the same market. They can broadcast a sitcom, a game show, or a talent show in prime time. Their objective is to maximize viewership in their local market. The outcomes corresponding to each of their strategies is shown below. Use your mouse to point and click on the Nash equilibrium outcome(s). [There may be more than one so make sure you work out all the best response strategies]. Network 1 Network 2 Sitcom Game show Sitcom 55%,45% O 52%,48% Game show 50%,50% 45%,55% Talent show O 52%,48% O 49%,51% Talent show 51%,49% O 46%,54% O 48%,52% O
Two network TV channels compete in the same market. They can broadcast a sitcom, a game show, or a talent show in prime time. Their objective is to maximize viewership in their local market. The outcomes corresponding to each of their strategies is shown below. Use your mouse to point and click on the Nash equilibrium outcome(s). [There may be more than one so make sure you work out all the best response strategies]. Network 1 Network 2 Sitcom Game show Sitcom 55%,45% O 52%,48% Game show 50%,50% 45%,55% Talent show O 52%,48% O 49%,51% Talent show 51%,49% O 46%,54% O 48%,52% O
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Two network TV channels compete in the
same market. They can broadcast a sitcom, a
game show, or a talent show in prime time.
Their objective is to maximize viewership in
their local market. The outcomes
corresponding to each of their strategies is
shown below.
Use your mouse to point and click on the Nash
equilibrium outcome(s). [There may be more
than one so make sure you work out all the
best response strategies].
Network 1
Sitcom
Game show
Talent show
Network 2
Sitcom
55%,45%
50%,50%
52%,48%
Game show
52%,48%
51%,49%
45%,55% 46%,54% O
48%,52%
Talent show
O 49%,51%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5b690657-cb09-4dc4-9e96-7e161176d534%2F0e6139f3-c0fa-4522-a2f9-4e76bc1b96fc%2Fuz19hg4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Two network TV channels compete in the
same market. They can broadcast a sitcom, a
game show, or a talent show in prime time.
Their objective is to maximize viewership in
their local market. The outcomes
corresponding to each of their strategies is
shown below.
Use your mouse to point and click on the Nash
equilibrium outcome(s). [There may be more
than one so make sure you work out all the
best response strategies].
Network 1
Sitcom
Game show
Talent show
Network 2
Sitcom
55%,45%
50%,50%
52%,48%
Game show
52%,48%
51%,49%
45%,55% 46%,54% O
48%,52%
Talent show
O 49%,51%
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