-The Above Figure Shows the Payoffs to Two Airlines,A and B,of

question 34

Essay

-The above figure shows the payoffs to two airlines,A and B,of serving a particular route.Is there a Nash equilibrium? What is it? Explain.

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Definitions:

Average Category

A classification used to benchmark or standardize the typical or midrange value of a set of data or characteristics.

Comparative Performance Appraisal Methods

A range of techniques used to evaluate the performance of employees by comparing them against certain standards or against the performance of other employees.

Ranking

A method of ordering or classifying entities or individuals based on a set of criteria, often used for evaluation or comparison purposes.

Paired Comparison

A method of evaluation that involves comparing each item in a list with every other item in pairs to establish preferences or rankings.