How does either team have a dominant strategy

Reference no: EM13239809

iven the following scenario, draw the payoff matrix, play the game, explain the outcome.
Two players: FSU and Miami: Both are college football teams.
They each have two strategies: Televise many Games or Limit Appearances
If they both televise many games, they split and perhaps over saturate the market and both receive $5M from television revenue. If they both limit appearances on television, they take advantage of the high demand for their limited product and both receive $10M. If one team decides to televise many games while the other team decides to limit appearances, the team that televises games will "steal" the market and receive $20M while the other team receives $3M.

Draw the matrix, play the game. Do we reach a NE? Does either team have a dominant strategy? What is the outcome?

Reference no: EM13239809

Questions Cloud

Determine the total molarity of acid and conjugate base : A beaker with 1.60×10^2 mL of an acetic acid buffer with a pH of 5.000 is sitting on a benchtop. The total molarity of acid and conjugate base in this buffer is 0.100M . A student adds 5.90 mL of a 0.350 M HCl solution to the beaker. How much will..

Find the direction of the net force on q3 : Three point charges are arranged along the x axis. Charge q1=-4 nC is located at x=0.240m and charge q2=2.10 nC is at x=-0.350m, What is the direction of the net force on q3

How much will the reduction of dumping cost for company : There are three petrochemical plants, A, B, and C, in Houston, Texas. The three plants produce Good Stuff. Unfortunately, they also dump Bad Stuff into Houston air. Data concerning their outputs of Stuff are shown below: OutputsGood

Determine what will be paid by the players : Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, where w is the wage in millions of dollars.

How does either team have a dominant strategy : If they both televise many games, they split and perhaps over saturate the market and both receive $5M from television revenue. If they both limit appearances on television, they take advantage of the high demand for their limited product

When the electron moves from the ground to the cloud : During a particular thunderstorm, the electric potential difference between a cloud and the ground is Vcloud - Vground = 4.70 108 V, when the electron moves from the ground to the cloud

Compute the ph in a solution prepared by dissolving : Calculate the pH in a solution prepared by dissolving 0.08 mol of solid NH4CL in 0.450 L of 0.35 M NH_3. Assume that there is no volume change.

How many top-quality players will the team hire : Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, where w is the wage in millions of dollars.

Find the smallest distance between the alpha particle : In 1911, Ernest Rutherford and his assistants Geiger and Marsden conducted an experiment in which they scattered alpha particles, What is the smallest distance between the alpha particle and the nucleus before the alpha particle reverses direction

User Account

All Pages