Q2: a are are hasta his 1 millon. Two Firms, bholay Dee and Bholay Dum, makeup entire market for product. They have identical costs of Production They making Rs 2 million each. Currently colluding Bholay Dee CEO Mr Notsonice, who is considering cheating he has been informed by assitant the firm's profit of Rs 3 million but that Cheating will reduce Bholay Dum's profit to Rs You have been hired to advise mr. Notsonice, construct a payoff matrix for the CEO that shows the deusion strategies. b) what nash equilibrium in (A)? c) If the game is only played once, what Strategy would advice? you D) How would answer to (c) change, if the game to be played many time. t what change in to colluding the profit due to Currently Rs 2 milliers would be needed to change in (c) ? is the your were your advice.
Attachments:
Answers
Answered by
0
Answer:
What is this. Unable to understand?¿
Similar questions