Some of the cross-harbour routes are jointly-operated by KMB andCitybus/NWFB (New World First Bus), i.e. they do have an agreed upon bus schedule served by the two companies on the same route. Since the latter does not offeranymonthly passorequivalence,

What would be the most likely impact(s) of theKMBpass on the markets of the two companies on the same route? Illustrate with the help of the diagrams in the domain of demand and supply.?

route? Illustrate with the help of the-diagrams in the domain of demand and supply. (8%) Though the planned schedules for both companies on the same route are easily obtainable by consumers via checking their mobile app by the companies for the coming service- provider and the arrival time, it appears some buses are not on schedule (not diSplayed on the app) and come in- between. especially during peak hours. (4) With such scenario, the following game between the two companies on the same route has been constructed and the payoff matrix (prot per week in thousand dollars) is as follows: maquemrm m I_-_ \"Payoff: KMB, CITYBUSINWFB a. Any dominant strategy for KMB and CITYBUSINWFB? Is there a Nash Equilibrium? (6%) b. Explain if they encounter a prisoner's dilemma. (6%) c. Construct the game with Match Strategy and explain the results. (8%) d. Reconstruct the game with sequential-move: i. KMB rst (4%) ii. CITYBUSINWFB rst (4%) e. Illustrate the outcomes obtained in (d) by applying rollback. Any difference? (Word limit: 200) (8%)