Business, 01.04.2020 20:48 jcastronakaya
Refer to the payoff matrix. bob's burgers and sam's sandwiches are competing restaurants in a small town. both are considering adding pizza to their line of products. if this is a one-time simultaneous game:
a. both firms have a dominant strategy to add pizza to their menu.
b. both firms have a dominant strategy to not add pizza to their menu.
c. a nash equilibrium occurs either when both add pizza or both do not add pizza.
d. neither firm has a dominant strategy.
Answers: 2
Business, 22.06.2019 19:20, goofy44
Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm
Answers: 1
Refer to the payoff matrix. bob's burgers and sam's sandwiches are competing restaurants in a small...
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