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15. In the game in Scenario 3, equilibrium Scenario3 Consider the following game

ID: 1125010 • Letter: 1

Question

15. In the game in Scenario 3, equilibrium Scenario3 Consider the following game: Zport Co. Offer Lo-Profile 40, 400 0. 300 Offer Sunroot 00. 200 Moto Corp. Offer CD Changer Offer Free Maintenance 60, 120 A. B. C. D. is for Moto to offer free maintenance and Zport to offer a sunroof. is for Moto to offer a CD changer and Zport to offer low-profile tires is for Moto to offer free maintenance and Zport to offer low-profile tires does not exist in pure strategies 16. In the game in Scenario 6, what is the Nash equilibrium? Scenario Consider the following game: Payoffs are in millions of dollars Lawrence LLP Put Poison In lurbo $100, -$1 S1. -SI Dump Cash Assets Buy Trbo Tech Buy Zamboni Tech of Zamboni Tech $2, -$0.5 0.5, -S0.5 ERS Corporation A. The strategy pair associated with -S.5, -S.5. B. The strategy pair associated with S1, -$1. C. The strategy pair associated with $2,-S.5. D. The strategy pair associated with -S100,-$1. stratei 8th

Explanation / Answer

Question 15

If Zport Co. offers Lo-Profiles Tires then Moto Corp will choose to offer CD Changer as pay-off is higher in such case.

If Zport Co. offers Sun roof then Moto Corp. will choose to offer free maintenance as pay-off is higher in such case.

So, Moto Corp. does not have any dominant strategy, its strategy changes as the strategy of Zport Co. changes.

If Moto Corp. offers CD changer then Zport Co. will choose to offer LO-Profile Tires as pay-off is higher in such case.

If Moto Corp. offers free maintenance then also Zport Co. will choose to offer Lo profile tires as pay-off is higher in such case.

So, Zport Co. has dominant strategy of offfering LO-profile tires.

If Zport Co. offers Lo-profile tires (dominant strategy), best strategy for Moto Corp. would be to offer CD changer.

So, equilibrium is for Moto Corp. to offer a CD changer and Zport Co. to offer lo-profile tires.

The correct answer is the option (B).

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