Question: hi someone please help me answer my markov chains and game theory lesson. will rate high thank yu You are given the payoff matrix below.

hi someone please help me answer my markov chainshi someone please help me answer my markov chains and game theory lesson. will rate high thank yuhi someone please help me answer my markov chains

You are given the payoff matrix below. BI B2 B3 1 4 4 5 7 A2 10 A3 4 6 a. Determine the range of values of p and in order for player A to choose strategy 42 and player B to choose strategy B2. b. What is the value of the game? The leading cola company in the West Coast (labeled A) has hired an OR analyst to analyze its markets position. It is particularly concerned about its major competitor (labeled B. The analyst believes that brand switching can be modeled as a Markov chain using three states with states A and B representing customers drinking cola produced from the aforementioned cola companies and state C representing all other brands. Data are taken monthly, and the analyst has constructed the following (one-step) transition matrix from past data: B B A 0.7 0.2 0.1 B 0.2 0.75 0.05 C 0.1 0.1 0.8 What are the steady-state market shares for the two major companies (A and B)

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