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Unit 2D Quiz 1

Unit 2D Quiz 1

Q Question 1 1 / 1 pts Table 14.2 B's Strategy Advertise Don't Advertise A's profit $100 million A's profit $200 million Advertise B's profit $100 million B's profit $50 million A's Strategy Don't A's profit $50 million A's profit $75 million Advertise B's profit $200 million B's profit $75 million Refer to Table 14.2. What is the Nash equilibrium in the game? Question 2 1 / 1 pts Scenario 13.4 Which of the following is TRUE for the game in Scenario 13.4? Question 3 1 / 1 pts Scenario 13.3 Consider the following game: Which of the following is true for the game in Scenario 13.3? Question 4 1 / 1 pts Table 14.3 B's Strategy Advertise Don't Advertise A's profit $75 million A's profit $200 million Advertise B's profit $75 million B's profit $50 million A's Strategy Don't A's profit $50 million A's profit $100 million Advertise B's profit $200 million B's profit $100 million Refer to Table 14.3. Firm A?s dominant strategy is Question 5 1 / 1 pts Table 14.1 B's Strategy Raise Price Don't Raise Price Raise A's profit $3,000 A's profit $10,000 Price B's profit $3,000 B's profit $15,000 A's Strategy Don't A's profit $15,000 A's profit $5,000 Raise B's profit $10,000 B's profit $5,00 Refer to Table 14.1. Firm A?s optimal strategy is

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1 (Advertise, Advertise) 2 Neither company has a dominant strategy.