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In the game,which strategy (strategies) is (are) the Nash Equilibrium (Equilibria)? Question 19 Lopes Increase the size of store and arkin lot Increase the size
In the game,which strategy (strategies) is (are) the Nash Equilibrium (Equilibria)?
Question 19 Lopes Increase the size of store and arkin lot Increase the size Lopes = $1 .O million of store and = S 1.5 million parking lot HomeMax Do not increase Lopes = $3.2 million the size of store SO.6 million and parking lot In the above game, which strategy (strategies) is (are) the Nash Equilibrium (Equilibria)? Do not increase the size of store and arkin lot Lopes = $0.4 million = $3.4 million Lopes $2.00 million HomeM = S2.5 million O O O O O The strategy where both HomeMax and Lopes increase the size of their stores and parking lots is the Nash Equilibrium. There is no Nash Equilibrium. b. None of these The strategy where both HomeMax and Lopes do not increase the size of their stores and parking lots is the Nash Equilibrium. d. The strategies where both HomeMax and opes increase the size of their stores and parking lots and do not increase the size of their stores and parking lots are both Nash Equilibria.
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