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hjlf
2 years ago
10

Synergy and Dynaco are the only two firms in a specific high-tech industry. They face the following payoff matrix as they decide

upon the size of their research budget: Synergy's Decision Large Budget Small Budget Dynaco's Decision Large Budget $20 million, $25 million $15 million, $0 Small Budget $0, $60 million $25 million, $30 million If Synergy believes Dynaco will go with a large budget, it will choose a budget. If Synergy believes Dynaco will go with a small budget, it will choose a budget. Therefore, Synergy a dominant strategy. If Dynaco believes Synergy will go with a large budget, it will choose a budget. If Dynaco believes Synergy will go with a small budget, it will choose a budget. Therefore, Dynaco a dominant strategy. True or False: There is a Nash equilibrium for this scenario. (Hint: Look closely at the definition of Nash equilibrium.) True False
Business
1 answer:
Savatey [412]2 years ago
7 0

Answer:

Explanation:

Synergy's Decision Large Budget Small Budget Dynaco's Decision Large Budget $20 million, $25 million $15 million, $0 Small Budget $0, $60 million $25 million, $30 million If Synergy believes

If synergy believes dynaco will go with a large budget that synergy should choose large budget

If synergy believes dynamo will go with small budget than synergy should go large budget

Therefore synergy does have dominant strategy

If Dynaco believes synergy will go with large budget than he will choose large budget and

If he belies synergy will go small budget than he will also choose small budget

Dynaco doesnot have dominant strategy

True,it has Nash equilibrium as (large budget,large budget)

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Answer:

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As a resale mechanism, it allows investors to freely buy and sell securities. In the absence of a secondary market or its weak organization, the subsequent resale of securities would be impossible or difficult, which would discourage investors from buying all or part of the securities. As a result, society would be left on the losing side, since many, especially the newest, undertakings would not receive the necessary financial support.

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A quality improvement project was initiated in an industry that has seasonal demand for their product, coolers/ice chests, which
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Answer:

The correct answer is letter "A": Histogram.

Explanation:

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A number of things organizations can do prior to change to prepare employees include which of the following?
natulia [17]

Answer:

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<u />

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