Ask Question
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?

+5
Answers (1)
  1. 10 February, 17:08
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers