Two firms are in the chocolate market. Each can choose to go for the high end of the market (high quality) or the low end (low quality). Resulting profits are given by the payoff matrix to the right. Firm 1

Low High

Firm 2 Low -20, -30 900, 600

High 100, 800 50, 50

What outcomes, if any, are Nash equilibria?

Ascientist has discovered an organism that produces five offspring exactly one hour after its own birth, and then goes on to live for one week without producing any additional offspring. each replicated organism also replicates at the same rate. at hour one, there is one organism. at hour two, there are five more organisms. how many total organisms are there at hour seven? 2,801 19,531 19,607 97.655