Ask Question
3 November, 14:48

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?

+3
Answers (1)
  1. 3 November, 18:17
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers