Consider a simultaneous move, N-player game where players simultaneously choose a number from the interval [0,...

  

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Consider a simultaneous move, N-player game where players simultaneously choose a number from the interval [0, 90]. The player who has a guess closest to 2/3 of the average guess will win the game. What is the Nash equilibrium strategy for this game? Consider a duopoly model where firms sell identical products and face the market demand curve given by QD=13-P Both firms have constant marginal and average cost equal to $1. If firms compete by setting output levels in a static, single period, simultaneous move game, how many units would a single firm produce in the cartel allocation, assuming it is split equally between duopolists? Consider a simultaneous move, N-player game where players simultaneously choose a number from the interval [0, 90]. The player who has a guess closest to 2/3 of the average guess will win the game. What is the Nash equilibrium strategy for this game? Consider a duopoly model where firms sell identical products and face the market demand curve given by QD=13-P Both firms have constant marginal and average cost equal to $1. If firms compete by setting output levels in a static, single period, simultaneous move game, how many units would a single firm produce in the cartel allocation, assuming it is split equally between duopolists?

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solution to question one In this simultaneous move Nplayer game the Nash equilibrium strategy can be determined by analyzing the players best response to each others choices Lets consider the case wit... View the full answer