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Consider the following game: Company A
Advertise Don't Advertise
Advertise 25, 15 30, 0
Company B Don't Advertise 15, 20 40, 5
1. What is a dominant strategy? Explain.
2. Does each firm have a dominant strategy? If so, explain what that strategy is?
3. If Company B makes the first move, what will be the payoff in equilibrium?
4. What is Nash equilibrium?
5. Explain, where the Nash equilibrium occurs in the payoff matrix above?
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Are there circumstances where the government should not prevent discrimination? Would you favor keeping discrimination?
Establishing a Formal Systems Development Process
Baseball salaries 2005. Ballplayers have been signing ever larger contracts. The highest salaries (in millions of dollars per season) for some notable players.
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