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10 February, 15:53

What is the nash equilibrium for this game?

a. bp and the mini-mart will both not advertise.

b. bp will advertise and the mini-mart will not advertise.

c. bp and the mini-mart will both advertise.

d. the game has no nash equilibrium.

e. bp will not advertise and the mini-mart will advertise?

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Answers (1)
  1. 10 February, 17:08
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    The nash equilibrium would be A. bp and the mini-mart will both not advertise.

    The nash equilibrium happens when all of the competitors choose the decision that give the optimal outcome for both of them.

    If Bp and mini-mart both choose not to advertise they both will have a similar profit.
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Home » Business » What is the nash equilibrium for this game? a. bp and the mini-mart will both not advertise. b. bp will advertise and the mini-mart will not advertise. c. bp and the mini-mart will both advertise. d. the game has no nash equilibrium. e.
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