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nakungth nakungth
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6 years ago
Casey's General Store is considering placing a store in Hamilton, Missouri.  If they place the store in Hamilton and no other convenience store enters the Hamilton market, they'll earn profits of $100,000 per year.  If competitors do enter, Casey's profits as well as the competitor's profits will be reduced to $0 per year.  If a competitor enters the Hamilton market and Casey's does not, the competitor's profits will be $100,000 per year.   



Does either player have a dominant strategy?  Does the game have any Nash equilibria?  What is the maximin strategy of each player in the game?
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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boransalboransal
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6 years ago
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nakungth Author
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6 years ago
this is exactly what I needed
lubennick
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Yesterday
Correct Slight Smile TY
jamesbove
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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