Part 3: Oligopoly- Use the payoff matrix showing two movie studios, DS and MS, to answer...

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Part 3: Oligopoly- Use the payoff matrix showing two movie studios, DS and MS, to answer the questions. 22. If both DS and MS make Rated R movies, how much profit will each firm earn? 23. Does DS have a dominant strategy? If so, what is it? 24. Does MS have a dominant strategy? If so, what is it? van bina osną Detective Studios (DS) Rated R Rated PG-13 Morvel Studios (MS) Rated R Rated PG-13 $50, $40 $70, $80 $60, $30 $50, $60 25. Given this information, is there a Nash equilibrium? If longsit to burieves isol wan gilt ste so, what will each firm decide to do? ont 26. Assume instead that these firms decide to collude to maximize profit. What will each firm decide to do? Part 3: Oligopoly- Use the payoff matrix showing two movie studios, DS and MS, to answer the questions. 22. If both DS and MS make Rated R movies, how much profit will each firm earn? 23. Does DS have a dominant strategy? If so, what is it? 24. Does MS have a dominant strategy? If so, what is it? van bina osną Detective Studios (DS) Rated R Rated PG-13 Morvel Studios (MS) Rated R Rated PG-13 $50, $40 $70, $80 $60, $30 $50, $60 25. Given this information, is there a Nash equilibrium? If longsit to burieves isol wan gilt ste so, what will each firm decide to do? ont 26. Assume instead that these firms decide to collude to maximize profit. What will each firm decide to do?

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Answer 22 If both firms make R rated movies DS will ma... View the full answer