Question: Please show all work 1. Imagine there are three major network-affiliate television stations in Kansas City: RBC, CBC, and MBC. All three stations have the

Please show all work 1. Imagine there are three major network-affiliate

Please show all work

1. Imagine there are three major network-affiliate television stations in Kansas City: RBC, CBC, and MBC. All three stations have the option of airing the evening network news program live at 6:00 pm or in a delayed broadcast at 7:00 pm. Each station's objective is to maximize its viewing audience in order to maximize its advertising revenue. The following representation describes the share of Kansas City's total population that is captured by each station as a function of the times at which the news programs are aired. (a) Which strategy profiles survive IDSDS? Show the procedure step by step. (b) Derive all strategy profiles that are Nash equilibria. Does the resulting combination of strategies coincide with your answer in (a)? MBC-6:00 CBC 6:00 7:00 RBC 6:00 16,24,30 30,16,24 7:00 30,23,14 14,24,32 MBC-7:00 CBC 6:00 7:00 RBC 6:00 14,24,32 8,30,27 7:00 30,16,24 13,12,50

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