In a One-Shot Game,if You Advertise and Your Rival Advertises,you

question 76

Essay

In a one-shot game,if you advertise and your rival advertises,you will each earn $5 million in profits.If neither of you advertises,your rival will make $4 million and you will make $2 million.If you advertise and your rival does not,you will make $10 million and your rival will make $3 million.If your rival advertises and you do not,you will make $1 million and your rival will make $3 million.
a.Write the above game in normal form.
b.Do you have a dominant strategy?
c.Does your rival have a dominant strategy?
d.What is the Nash equilibrium for the one-shot game?
e.How much would you be willing to bribe your rival not to advertise?

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Definitions:

Document Testing

The process of evaluating documents or text materials to ensure clarity, accuracy, and usability for the intended audience or purpose.

Rhetorical Situation

The context of a rhetorical act, including the communicator, audience, purpose, and the content, that influences persuasive communication.

Promotional Item

A merchandise article distributed for free or at a low cost to promote a company, corporate image, brand, or event.

Global Warming

The long-term rise in Earth's average surface temperature, primarily due to human activities such as the emission of greenhouse gases.