Assume there are 2 companies, Arbutus and Breadberry are deciding between 2 technologies, Catfish and Dadio...

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Assume there are 2 companies, Arbutus and Breadberry are deciding between 2 technologies, Catfish and Dadio to adopt. The payoff matrix is, Breadberry Catfish Dadio Arbutus Catfish (5+x,7+y) (10, 8) Dadio (8, 10) (4+a,4+b) Where x, y, a, and b are constants. a. b. C. d. Let Catfish be a superior technology, find the range of x, y, a, and b such that (Catfish, Catfish) is a unique Nash equilibrium. Let Dadio be a technology that both Arbutus and Breadberry prefer to adopt as a standard. Find the range of x, y, a, and b such that both firms ends up adopting Dadio. If Arbutus and Breadberry decided to start a standard war, find the range of x, y, a, and b. Explain with a historic example of situation that ended up in part b and part c. Assume there are 2 companies, Arbutus and Breadberry are deciding between 2 technologies, Catfish and Dadio to adopt. The payoff matrix is, Breadberry Catfish Dadio Arbutus Catfish (5+x,7+y) (10, 8) Dadio (8, 10) (4+a,4+b) Where x, y, a, and b are constants. a. b. C. d. Let Catfish be a superior technology, find the range of x, y, a, and b such that (Catfish, Catfish) is a unique Nash equilibrium. Let Dadio be a technology that both Arbutus and Breadberry prefer to adopt as a standard. Find the range of x, y, a, and b such that both firms ends up adopting Dadio. If Arbutus and Breadberry decided to start a standard war, find the range of x, y, a, and b. Explain with a historic example of situation that ended up in part b and part c.

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a For Catfish Catfish to be a unique Nash equilibrium each company must prefer Catfish no matter wha... View the full answer