Oligopoly models
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______________________________________________Driver2_____________
left Right
Driver 1 Left 0,0 -1000, -1000
Right -1000, -1000 0,0
1.Does either player have a dominant strategy ( driver 1 or driver 2)?Explain
2.Is there a Nash equilibrium in this game? Explain
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Solution Summary
The expert examines oligopoly models for dominant strategies.
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A dominant strategy (DS) is a better strategy for a player regardless of what his opponent plays. Here neither player has a DS. Let's consider driver 1, if ...
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