CineA and ViewB are the only 2 cinemas operating in Brisbane. They have large market power in the cinema market and can make decisions on movie ticket pricing. They often are at a competition to gain a larger market share.

Answer the following questions:

a. CineA and ViewB noticed there are fewer customers during early mornings. They decided to sell cheaper tickets for morning movie sessions. This is an example of price discrimination. Type F for First Degree, S for Second Degree, T for Third Degree or P for Peak Load Pricing.

b. A new movie is about to be released in theatres. CineA and ViewB are trying to work out their pricing strategy.They could either charge a low price for their tickets, or a high one. The expected payoff will depend much on the other cinema's decision. The payoff matrix (with payoffs represented in thousand of dollars, CineA being the left player and ViewB being the player on the top row) is shown below. What is the Nash equilibrium?

Type your answer in the following format: strategy of left player, strategy of top player. For example, enter your answer as LL to represent (Low, Low) or LH to represent (Low, High) etc. If a Nash Equilibrium does not exist, enter N for none.

c.Does this game satisfy the criteria for a Prisoner's Dilemma?

Type Y for Yes or N

Type Y for Yes or N

d. At the Nash Equilibrium, would consumers and customers have the potential to benefit from this outcome?

Type Y for Yes or N for No.

CineA and ViewB are the only 2 cinemas operating in Brisbane. They have large market power in the cinema market and can make decisions on movie ticket pricing. They often are at a competition to gain a larger market share. Answer the following questions: a. CineA and ViewB noticed there are fewer customers during early mornings. They decided to sell cheaper tickets for moming movie sessions. This is an example of price discrimination. Type F for First Degree, S for Second Degree, T for Third Degree or P for Peak Load Pricing. b. A new movie is about to be released in theatres. CineA and ViewB are trying to work out their pricing strategy. They could either charge a low price for their tickets, or a high one. The expected payoff will depend much on the other cinema's decision. The payoff matrix (with payoffs represented in thousand of dollars, CineA being the left player and ViewB being the player on the top row) is shown below. What is the Nash equilibrium? Type your answer in the following format: strategy of left player, strategy of top player. For example, enter your answer as LL to represent (Low, Low) or LH to represent (Low. High) etc. If a Nash Equilibrium does not exist, enter N for none. c. Does this game satisfy the criteria for a Prisoner's Dilemma? Type Y for Yes or N for No. d. At the Nash Equilibrium. would consumers and customers have the potential to benefit from this outcome? Type Y for Yes or N for No. CineA and ViewB are the only 2 cinemas operating in Brisbane. They have large market power in the cinema market and can make decisions on movie ticket pricing. They often are at a competition to gain a larger market share. Answer the following questions: a. CineA and ViewB noticed there are fewer customers during early mornings. They decided to sell cheaper tickets for moming movie sessions. This is an example of price discrimination. Type F for First Degree, S for Second Degree, T for Third Degree or P for Peak Load Pricing. b. A new movie is about to be released in theatres. CineA and ViewB are trying to work out their pricing strategy. They could either charge a low price for their tickets, or a high one. The expected payoff will depend much on the other cinema's decision. The payoff matrix (with payoffs represented in thousand of dollars, CineA being the left player and ViewB being the player on the top row) is shown below. What is the Nash equilibrium? Type your answer in the following format: strategy of left player, strategy of top player. For example, enter your answer as LL to represent (Low, Low) or LH to represent (Low. High) etc. If a Nash Equilibrium does not exist, enter N for none. c. Does this game satisfy the criteria for a Prisoner's Dilemma? Type Y for Yes or N for No. d. At the Nash Equilibrium. would consumers and customers have the potential to benefit from this outcome? Type Y for Yes or N for No