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Business, 01.04.2020 20:48 jcastronakaya
Refer to the payoff matrix. bob's burgers and sam's sandwiches are competing restaurants in a small town. both are considering adding pizza to their line of products. if this is a one-time simultaneous game:
a. both firms have a dominant strategy to add pizza to their menu.
b. both firms have a dominant strategy to not add pizza to their menu.
c. a nash equilibrium occurs either when both add pizza or both do not add pizza.
d. neither firm has a dominant strategy.
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Refer to the payoff matrix. bob's burgers and sam's sandwiches are competing restaurants in a small...
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