Question
In: Economics
For the operating systems game, let us now assume the intrinsic superiority of Mac is not...
For the operating systems game, let us now assume the intrinsic
superiority of Mac is not as great and that network effects are
stronger for Windows. These modifications are reflected in
different payoffs. Now, the payoff from adopting windows is (50 x
W) and from adopting Mac is (15+ 5 x M); n consumers are
simultaneously deciding between Windows and Mac.
A. Find all nash equilibria.
B. With these new payoffs, let us now suppose that a third option exists, which is to not buy either operating system; it has a payoff of 1000. Consumers simultaneously decide among windows, mac, and no operating system. Find all nash equilibria.
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
Can you solve it with hand solving, not the program solving? Let us now assume that...
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Let us now assume that we have continuous time instead of
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Let us assume that there are two visitors, A and B, in an amusement park. The...
Let us assume that there are two visitors, A and B, in an
amusement park. The demand curve for the visitors facing the
amusement park are as follows.
PA= 5 – 2QA
PB= 2.5 – 0.5QB
Marginal cost (MC) to serve each
visitor is equal to $1.
a. If the amusement park decides to set the price using two-part
tariff, given the demand curve
P=6 – 2.5Q and MC =$1, how much is the equilibrium P and Q
b. Calculate...
Assume there is a large firm operating in the telecommunications sector. For many years now, this...
Assume there is a large firm operating in the
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Required
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The market demand curve for commodity X is qD = 700-p. Now, let us allow for...
The market demand curve for commodity X is qD = 700-p. Now, let
us allow for free entry and exit of the firms producing commodity
X. Also assume the market consists of identical firms producing
commodity X. Let the supply curve if a single firm be explained
as:
qSf = 8+3p for p>20
= 0 for 0<p<20
a. What is the significance of p =20
Calculate the equilibrium quantity and number of firms at the
equilibrium price of 20.
The market demand curve for commodity X is qD = 700-p. Now, let us allow for...
The market demand curve for commodity X is qD = 700-p. Now, let
us allow for free entry and exit of the firms producing commodity
X. Also assume the market consists of identical firms producing
commodity X. Let the supply curve if a single firm be explained
as:
qSf = 8+3p for p>20
= 0 for 0<p<20
a. What is the significance of p =20
Calculate the equilibrium quantity and number of firms at the
equilibrium price of 20.
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