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Which of the following is NOT an example of a coordination game with multiple equilibria?Two Two sellers are in a market where their best option is the same regardless of what the other firm does.Potential protesters decide whether to participate in protests to try to overthrow a government.A company decides in which hours to operate for the convenience of its customers and suppliers.Question 6A basic logic that applies to all strategic interactions is:making a good choice requires that you anticipate what others will do.action should not be taken until there is a clear best choice.risk must be eliminated.games should be avoided, so that decisions can be based on facts.Question 7Use the table, with data for Vlad and Assad, to answer the question.Table: Profits for Vlads and Assads Cookie CompaniesAssad charges S1 per Assad charges $3 percookie.cookie.Vlad chargesUse the check mark method to determine which cell has a Nash equilibrium. When there is a Nash equilibrium, Vlad earns profits of _____, and Assad earns profits of _____.$3,000; $3,000$3,500; $500$500; $3,500$2,000; $2,000Question 8The models in our class say that when there are positive accounting profits, entry will occur.TrueFalse

Sagot :

Martebi

The option that is  not an example of a coordination game with multiple equilibria is option A: Two Two sellers are in a market where their best option is the same regardless of what the other firm does.

A basic logic that applies to all strategic interactions is option A: making a good choice requires that you anticipate what others will do.

The models in our class say that when there are positive accounting profits, entry will occur is false.

How many equilibria do coordination games have?

The Nash equilibrium is shown in cooperative game. There are two Nash equilibria in the coordination game. Because there are two Nash equilibria in which both players utilize the same strategy and neither player has a dominant approach, economists refer to this as a coordination game.

The phrase "strategic interaction" is used generically to describe a process that aims to involve multiple stakeholders in accomplishing a common objective and significantly relies on effective communication to move that goal forward.

Therefore, Positive economic profits happen when the company made more money in one sector than it could have elsewhere. If a business makes no money at all, its proprietors could not have spent their time or resources more effectively elsewhere.

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