Based on the given information, the payoff matrix for Norm and Pete shows that if Norm charges a high price and Pete charges a low price, Norm's profit would be higher than Pete's profit. This is because if Norm charges a high price, he would have a higher profit regardless of Pete's price, whereas if Pete charges a low price, he would still have a lower profit than Norm.
This scenario shows that both players have a dominant strategy, where they choose the option that benefits them the most regardless of what the other player does. As a result, the most likely outcome of this noncooperative game would be that Norm charges a high price and Pete charges a low price, and Norm earns a higher profit than Pete. However, it is important to note that in noncooperative games, players may not always choose the dominant strategy, and the actual outcome may vary.
Hi! Based on your question, it seems that you're looking for the most likely outcome of a noncooperative game using a payoff matrix for Norm and Pete. In this matrix, Norm's profit is in plain text, while Pete's profit is in italics. The two scenarios are: Norm charges a high price and Pete charges a low price, or both charge a low price.
To determine the most likely outcome, we need to examine the payoff matrix and compare the potential profits for each player in each scenario.
1. Norm charges a high price, Pete charges a low price:
In this case, Norm's profit might be lower as customers are more likely to choose Pete's products due to the lower price. Pete may experience higher profits as he captures more customers from Norm.
2. Both charge a low price:
When both players charge a low price, they might equally share the market, resulting in moderate profits for each. This situation is often called the "Nash equilibrium," as neither player has an incentive to unilaterally change their pricing strategy.
Comparing both scenarios, the most likely outcome in this noncooperative game is that both Norm and Pete charge a low price. This outcome is the Nash equilibrium because neither Norm nor Pete would benefit from changing their pricing strategy on their own, as they would risk losing customers and profits to the other player.
To know more about payoff matrix visit:
https://brainly.com/question/31379073
#SPJ11
In what type of economy do individuals and firms determine what will be produced?
Mixed
Traditional
Market
Command
Answer:
market
Explanation:
Gianna put $1,000 in a savings account for 18 months. The interest on the account is 3.5%.
How much will Gianna earn in interest? What amount will she have at the end of the time period?
Answer:
You will earn $52.96 in interest
You have $1,052.96 in total.
what's the answer? please help, it's overdue
Answer: Honestly in my opinion that's a no
Explanation: because that's there imagine without them they wouldn't be able to get that image up and making profit therefore the player should get a cut of the profit that is made.
Which part of the check gives the bank permission to release the money?
Answer:
And even though all national banks and federally chartered credit unions are subject to the same hold rules, each institution can release your funds sooner at its discretion. By understanding the rules of funds availability, you can ensure you'll have access to your money when you need it.:
brief explain difference between moa and aoa ?
Answer:
The MOA (Memorandum of Association) describes the powers and objects of the company, the AOA (Article of Association) defines its rules and the AOA (Articles of Association) is subordinate to the memorandum.
Drag the tiles to the correct boxes to complete the pairs.
Match the different types of incomes to their sources.
Answer:
interest = the amount earned on bonds or savings accounts
capital gains = the profit earned from selling a financial asset
dividend = the amount of money paid to share holders of a company
Explanation:
A capital gain is a financial term that is most often captured on tax returns when money is made above the face value or declared value of an asset or property that is sold.
When an individual 'purchases' a bond or places money into a savings account, that money is held in an "interest" baring account or grows over time. Savings account: A percentage is paid for holding those funds in a savings account based on the amount held. The financial institution where the funds are held, pays the owner a fee for use of said money that it is held. Those funds are called "interest" and are collected by the owner of those funds. A bond is typically purchased at a reduced face value amount. If the bond is held for a stated amount of time, the bond value reaches maturity after that time. Those gains are called interest and are typically captured on a 1099i form for tax purposes.
A dividend is a profit paid to a stockholder or investor of a company/business entity. Typically those funds are paid when a threshold of profits are reached by that company/business entity. Typically a dividend is captured on a 1099d form for tax purposes.
Answer:
interest = the amount earned on bonds or savings accounts
capital gains = the profit earned from selling a financial asset
dividend = the amount of money paid to share holders of a company
Explanation:A capital gain is a financial term that is most often captured on tax returns when money is made above the face value or declared value of an asset or property that is sold.
When an individual 'purchases' a bond or places money into a savings account, that money is held in an "interest" baring account or grows over time. Savings account: A percentage is paid for holding those funds in a savings account based on the amount held. The financial institution where the funds are held, pays the owner a fee for use of said money that it is held. Those funds are called "interest" and are collected by the owner of those funds. A bond is typically purchased at a reduced face value amount. If the bond is held for a stated amount of time, the bond value reaches maturity after that time. Those gains are called interest and are typically captured on a 1099i form for tax purposes.
A dividend is a profit paid to a stockholder or investor of a company/business entity. Typically those funds are paid when a threshold of profits are reached by that company/business entity. Typically a dividend is captured on a 1099d form for tax purposes.
What careers are in the Information Support and Services career pathway of the IT career cluster? (15 points for you)
Question 1 options:
graphic artists, painters, artists
broadcasters, journalists, writers
help desk specialists, PC support specialists
Por que se dice que emprender suele ser una decisión muy difícil quien la toma sabe que esta renunciando a la estabilidad que otorga un salario
Answer:
porque se dice que quiero tomar el siguiente
HELP PLEASE!!!
what is the outcome when a person defaults on a home loan?
A. the person goes to jail.
B. the bank will make the person work a second job.
C.the bank will take the person's car.
D.the bank will foreclose on the home.
Answer:
D.the bank will foreclose on the home.
Explanation:
The bank may even sue and garnish wages and financial accounts. The bank may even serve a conversion of accetts.
The risk-reward relationship says:
____ reading will increase your focus and concentration, help you understand the reading, and prepare you to study.
Answer:
Active.
Explanation:
Active reading can be defined as a process which typically involves an individual being focused on his or her study. It is aimed at acquiring knowledge and understanding of a particular subject or topic without distractions.
Hence, active reading will increase your focus and concentration, help you understand the reading, and prepare you to study.
what percentage of CTE learners enroll in post secondary education?
Answer:
10th-grade public school students in 2002 who were CTE concentrators in high school, 72 percent enrolled in postsecondary education by 2006, or two years after their expected year of high school graduation, and 84 percent enrolled by 2012, or eight years after their expected year of high school graduation.
Answer:
75% – Percentage of high school students concentrating in a CTE discipline who pursue post-secondary education 43% – Percentage of young workers holding a CTE-related license or certificate who earn more than those holding an associate degree
Explanation:
An oligopoly is a market structure in which a large number of firms dominate the market. T or F
Answer: F
Explanation:
An oligopoly is a market structure in which a large number of firms dominate the market.
An oligopoly is a market structure in which a large number of firms dominate the market. FALSE.
All of these statements apply to effective decision makers except:
A. They take risks based on intuition and gut feelings
B. They are flexible and resourceful
C. They rely on personal ‘scripts’ that help them manage how to act and react
D. They recognize that the same solution may not apply to similar situations
HELP ME PLEASEE!! ILL GIVE CROWN!!!
which of the following should credit be used for?
A. small things you want
B. large things you need and that you can repay over time.
C. money that you can never afford to repay.
D. purchasing things you want so you dont have to save.
Answer:
B
Explanation:
Credit should be used for large things that you can't afford at the moment but over time will be able to repay (like bills). You should never purchase things that are too expensive for you to repay (within a year.)
List the type of banking service each consumer would be most likely to use. Explain your answer.
a. A person planning to open a fitness center
b. A musical group
c. wealthy senior citizen
d. A buyer of a van
e. A high school recycling club
If the food handler has been diagnosed with one of the Big 6 pathogens
they can return to work 24 hours after showing no symptoms.
TRUE
FALSE
Answer:
False.
Explanation:
who wants to make a call??
Answer:
Zoom you mean?
Explanation:
Answer:
I want to call my mom,lol
Matt works part-time and is paid $6.75 per hour. Determine Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours. Round your answer to the hundredths place.
Answer:
Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69
Explanation:
Per hour amount paid to Matt = $6.75
Total number of hours worked by Matt = 20.25
To find Gross pay, multiply hours worked and hourly rate of pay.
Therefore,
Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours [tex]=20.25(6.75)=\$136.6875[/tex] ≈ $136.69
What would Jamie Lee's financial liability have been had she waited more than two days to report the debit/ATM card lost or stolen
Explanation:
If Jamie notifies the bank within 2 days of the lost card , her liability for unauthorized would be $50.
Jamie Lee's as the account holder is financially responsible for any form of transfers or withdrawals that has or will be made from their accounts and until He report the theft, he will be liable to all withdrawals.
What is a Checking Account:A checking account is known to be a kind of bank account that is often used by people as a deposit account.
The usual amount deposited by them in this account is known to be used for paying bills and other form of purchases.
Base on the fact above, Jamie Lee's would be liable for his financial liability because she had waited for more than two days to report her debit/ATM card lost or stolen and as such any theft that happen within those two days on her account is her fault.
Learn more about checking account from
https://brainly.com/question/24751568
How do I find the cash flow coverage ratio?
Explanation:
There are a few different ways to calculate the cash flow coverage ratio formula, depending on which cash flow amounts are to be included. A general measure of the company’s ability to pay its debts uses operating cash flows and can be calculated as follows:
Cash flow coverage ratio = $80,000,000 / $38,000,000 = 2.105Cash flow coverage ratio = ($64,000,000 + $4,000,000 + $8,000,000) / $38,000,000 = 2By law, an accountant must hold a CPA designation in order to
?
Answer:
The CPA designation isn't required to work in corporate accounting or for private companies. However, public accountants—which are individuals working for a firm, such as Deloitte or Ernst & Young, that provides accounting and tax-related services to businesses—must hold a CPA designation.
Explanation:
Answer:
Prepare audited or reviewed financial statements.
Hope this helps :)
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
The markets for prostitution in Nevada and New Jersey have two important differences: 1) prostitutes in New Jersey face higher costs because of government efforts to prosecute them and 2) customers in New Jersey face higher risks of contracting diseases from prostitutes because the illegal nature of the business makes reliable information about product quality much more costly to obtain. Given these facts, which state would you expect the price of prostitution services to be higher? Why? Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?
Answer:
Given these facts, which state would you expect the price of prostitution services to be higher? Why?
Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?
Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.What are three elements of negligence?
Actual Harm
Breach of duty
State of mind
Duty of care
Proximate cause
Motive
Answer:
actual harm
breach of duty
duty to act
equity shareholders are called what
Answer:
owners
Explanation:
Shareholders' equity represents the amount invested by the owners of a company in the business by either retaining earnings over time or by investing money in it. The shareholders' equity is a form of a company's net assets. Equity shareholders are also known as Equity Stockholders.
The equity shareholders of a company are called its owners.
Which of these is NOT a concern for consumers in times of inflation?
a.They cannot anticipate the cost of goods and services.
b.They lose money on their investments and savings.
c.They are at a disadvantage when paying back borrowed money.
d.They struggle when they are on a fixed income.
Answer: D
Explanation:
Facts about the chip category obtained from AC Nielsen are?
syndicated data.
survey data.
questionnaire data.
primary data.
experimental data.
Answer:
Explanation:
Then what is the question
what is the differences and similarities between rental goods services and non goods services
Answer and Explanation:
Rented-Goods Services are represented by retailom where consumers can own a good, or use a service for a specified time. As an example of this, we can mention hotel rooms, ski clothes, cars, houses, among others.
Nongoods Services are also represented by retail, but it presents personal services, where consumers can try them, judge them and then decide if they want to own them.
Which of these is NOTa concern for consumers in times of inflation? a.They cannot anticipate the cost of goods and services. b.They lose money on their investments and savings. c.They are at a disadvantage when paying back borrowed money. d.They struggle when they are on a fixed income.
Answer:
c.They are at a disadvantage when paying back borrowed money.
Explanation:
In any economics of a country, inflation may be defined as the fall of the value of the money or currency of a country over a period of time. In inflation, the general price level increase and the value of money decreases.
Due to inflation, with each currency unit, less of goods or services can be bought. In inflation, the consumers are not concern about the disadvantage when they pay back the money that they borrowed because the value of the money decreases. Money decreases its value but the demand of goods and services increases in the economy.