The statement that "both firms always choose to compete, resulting in the highest combined profit" is not true.
A prisoner's dilemma is a situation in game theory where two individuals or firms face a conflict between individual and collective rationality. In the case of a duopoly, where there are only two competing firms in a market, they must make strategic decisions on pricing and production levels. The goal for each firm is to maximize its own profit.
In a prisoner's dilemma, the Nash equilibrium occurs when both firms choose to compete, as they believe it will maximize their individual profits. However, this leads to a suboptimal outcome for both firms as the fierce competition drives down prices and reduces overall profits. Both firms would be better off if they colluded and cooperated to set higher prices and restrict production, resulting in a higher combined profit.
Therefore, the statement that "both firms always choose to compete, resulting in the highest combined profit" is not true. In a prisoner's dilemma, the rational choice for both firms is to collude and cooperate, even though they may be tempted to compete individually. By doing so, they can achieve a more favorable outcome and increase their combined profit.
Learn more about game theory here:
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Solve for x. −9x+2>18 AND 13x+15≤−4
Answer:
-16/9
Step-by-step explanation:
6. Simplify the expression.
3n+5-12n-8+6p
Answer
-9n-3+6p
Step-by-step explanation:
Answer:
-9n - 3 + 6p
Step-by-step explanation:
You have to remember that you can add or subtract only LIKE terms. In other words, you can't add 3n + 5, so separate them.
In this equation: 3n + 5 - 12n - 8 + 6p,
1. 3n - 12n
2. 5 - 8
3. 6p
= -9n - 3 + 6p
12. (8x+15) + 45 + (18x+15) + 45
How many kids are there in the US
Answer:
74.2 million children under the age of 18
Step-by-step explanation:
Answer:
74•2 million kids are in the usa
1 Calcula de la medio aritmética, la mediana
y la moda. Se analizó el IVA que se oplico
en diversos países europeos, a la compra de
obras de arte. Los resultados obtenidos
fueron los siguientes:
PAIS
España 0,16
Holia 0,20
Belgica 0,06
Holanda 0.06
Alemania 0,07
Portugal 0,17
Luxemburgo 0,06
Finlandia 0,22.
Answer:
Step-by-step explanation:
orms of volunteering can be applied to the different roles that people take within ... volunteer motivations and looks to develop a typology of sports volunteers. ... diversity for their effectiveness as a policy tool and for government support. ... International Journal of Sport Policy and Politics 4, 2, 187–200 . ... text, however. For .
1. The fare of 12 kg of luggage for a distance of 36km is 24 rupees
How much fare will be charged for a luggage of 18kg for a distance
of 12km?
Answer:
16 rs maybe not sure sry if wrong
Is it true dat 2+2=5
Answer:
nah you tripping the answer is *22*.
Step-by-step explanation:
That's how I end up on harvard.
NOTE: Angles not necessarily drawn to scale.
X = ____ degrees
Answer:
x =60°
Step-by-step explanation:
GOOD QUESTION BRO
Solve for angle b and c
Answer:
46 degrees for both b and c
Step-by-step explanation:
the vertical angles postulate means that the opposite angle must be the same, so 134*2=268
since all angles must be 360, subtract 268, which is 92
using the vertical angles again, b and c are the same, and the sum must be 92
92 divided by 2 is 46
(8x +3) + (-6x +11)
Cebirsel iladerin terim Soyisini
Sabit terimini bulalum
Answer:
2x^2+85x+13
Step-by-step explanation:
I did not knew what you wanted, but I think this is what you wanted.
pa help po need lang ipasa ngayon
1.
[tex] \frac{3}{5} \times \frac{5}{6} = \frac{15}{30} = \frac{1}{2} [/tex]
2.
[tex] \frac{3}{5} \times \frac{3}{15} = \frac{9}{75} = \frac{3}{25} [/tex]
3.
[tex] \frac{5}{8} \times \frac{4}{10} = \frac{20}{80} = \frac{1}{4} [/tex]
4.
[tex] \frac{5}{12} \times \frac{3}{8} = \frac{15}{96} = \frac{5}{32} [/tex]
5.
[tex] \frac{12}{20} \times \frac{5}{6} = \frac{60}{120} = \frac{1}{2} [/tex]
6.
[tex] \frac{4}{5} \times \frac{8}{3} = \frac{32}{15} = 2 \frac{2}{15} [/tex]
7.
[tex] \frac{3}{8} \times \frac{16}{7} = \frac{6}{7} [/tex]
8.
[tex] \frac{11}{2} \times \frac{18}{7} = \frac{198}{14} =14 \frac{1}{7} [/tex]
9.
[tex] \frac{14}{6} \times \frac{18}{5} = \frac{252}{30} = 8 \frac{2}{5} [/tex]
10.
[tex] \frac{4}{3} \times \frac{5}{2} = \frac{20}{6} = 3 \frac{1}{3} [/tex]
Help with this please!
Answer:
47
Step-by-step explanation:
mean is found by dividing the sum of the terms by the number of terms:
(43+48+41+41+x)/5=44
173+x=220
x=220-172=47
School
PLEASE HELP WITH THIS QUESTION: One week Tony bought 6 soft shell tacos and 2 hard shell tacos for $12. The next week he bought 3 soft shell tacos and 1 hard shells tacos for $6. Write a system to find the cost for each type of taco. Explain your answer.
in real life when do you think it would br helpful to know to calculate slope
Answer:
When ur going down it
Step-by-step explanation:
Factorise fully
px + py
Answer:
p(x+y)
Step-by-step explanation:
p(x+y)
hope that helps^^
Combine like terms
7k + 4(k + 4)
A.8k + 16
B.11k + 16
C.7k + 1k + 16
D.27k
Answer:
B. 11k + 16
Step-by-step explanation:
We have an expression and are asked to combine like terms.
To solve this, we need to first distribute 4(k + 4). Which is to multiply four by both k and 4.
(4(k) + 4(4))
4k + 16
7k + 4k + 16.
Since 7k and 4k are like terms since they end in the same variable, we can only add them.
7 + 4
11
11k + 16
pls solve~~~~~~~~~~~~~~~~~~~~~~~~
Answer:
q3
Step-by-step explanation:
P°×q3
=1×q3
=q3
I need help quick I'll give brainliest!
Answer:
I'm pretty sure its a bridge, hopefully that's right <3
Step-by-step explanation:
11 quarts of soil are used to completely fill 5 flower pots. If each pot holds the same amount of soil, how many quarts will each pot hold?
Please find what the value of x and y is!!!
Answer:
x = 3; y = 2
Step-by-step explanation:
You would just set each side equal to its opposite so for x, it'll be like:
4x+6=7x-3
and for y:
4y-3=3y+1
I attached my work below as well to help you.
Find the 11th term of the following sequence:-8, 24, -72,....
Answer:
125
Step-by-step explanation:
Its pretty simple
PLEASE HELPPPPPPPP I BEGGGG YOU
can someone please help me find the value of y
Answer:
4y=48
y=48/4
y=12
therefore,the value of y is 12
3/8 (2x - 8 / 3x) = 21 solve for x
A -66
B -70
C -84
D -96
Answer:
d
Step-by-step explanation:
Can someone please help me with this question?
Answer:
110 degrees
Step-by-step explanation:
Ok so no matter what the shape is, the exterior angles always have to add up to 360 degrees. Then, you can make the equation:
140 + 110 + x = 360
250 + x = 360
x = 110 degrees
Here's another way you can do it:
To do this, you can start by noticing that the top angle would be 40 degrees, because there's a straight line with 140 degrees and that angle, so you can do 180 - 140 = 40 degrees.
Then, the angle towards the bottom right would be 70 degrees using the same strategy:
180 - 110 = 70 degrees
The interior angles of a triangle always have to add up to 180 degrees, so you can do 180 - 40 - 70 = 70 to find the third interior angle of the triangle.
The last step is to do 180 - 70 = 110 to find the measure of the exterior angle at that point.
The slope of a line is -5 and its y-intercept is 8. Discuss how you will write the equation in the slope-intercept form
Step-by-step explanation:
slope-intercept form : y = mx + b
m = slope
b = y intercept
y = -5x +8
find the missing measure
What is the slope of the line that passes through the points (-2, 2), and (-4,-2)?
o
02
Answer:
2
Step-by-step explanation:
m=(y2-y1)/(x2-x1)
m=(-2-2)/(-4-(-2))
m=-4/(-4+2)=-4/-2=2
8. I NEED HELP ASAP!! PLEASE PUT AND ANSWER AND STEP BY STEP EQUATION!! IF YOU DON'T KNOW THE ANSWER DON'T PUT ANYTHING!!
Write a rule for the linear function in the table.
A. f(x) = 1/2x +1
B. f(x) = –2x – 1
C. f(x) = x + 5
D. f(x) = 2x + 1
Answer:
I DON'T KNOW THE ANSWER
Step-by-step explanation:
SORRY
Find the area of a square with sides of length 1/3 (fraction) yard.
Answer:
A. 1/3 sq yard*sneezes cutely
Step-by-step explanation:
change your name
DO IT. DO IT NOW. Why arent you listenin-