Top Posters
Since Sunday
y
2
s
2
2
a
1
w
1
w
1
i
1
m
1
s
1
c
1
k
1
1
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Satsume Satsume
wrote...
Go to Answer
Posts: 761
Rep: 0 0
6 years ago
There are two independent dealers for Sporto automobiles in a large city.  The dealers decide to run a cooperative advertising campaign in which both dealers are listed in local newspapers ads, and they can purchase larger ads that are more likely to attract attention and generate more auto sales if the dealers commit more funds to the joint advertising budget.  Is this an example of a cooperative constant-sum game?
A) Yes, each firm can contribute zero to 100 percent of the advertising budget, so this is a constant-sum game.
B) Yes, all negotiated outcomes between two firms are cooperative and constant-sum situations.
C) No, the outcome of the advertising campaign depends on how much money the firms contribute to the campaign, so it is not constant sum.
D) No, the firms are independent, so their interaction cannot be cooperative.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 89 times
1 Reply
Replies
Answer verified by a subject expert
Bart_argBart_arg
wrote...
#1
Top Poster
Posts: 570
Rep: 14 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Satsume Author
wrote...

6 years ago
this is exactly what I needed
branbran2k16
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Shassta22
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1069 People Browsing
 144 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 313
  
 612
  
 302
Your Opinion
How often do you eat-out per week?
Votes: 81
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?