Predict for delta in a one-play game and why

Reference no: EM13490095

The route from New York City to Albany is served by only two airlines, American and Delta. The payoffs from discounting or maintaining high prices are as below.

DELTA'S MAINTAIN DELTA'S DISCOUNT

American's $26,000 $32,000

MAINTAIN $24,000 $18,000

AMERICAN'S $21,000 $16,000

DISCOUNT $28,000 $12,000

Is there a dominant strategy? What is (are) the Nash equilibrium (equilibria)? Explain. Is there a mixed equilibrium strategy? What behavior would you predict for Delta in a one-play game and why

Reference no: EM13490095

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