--%>

Potentially affect prices in game theory

Drew rents strong although nasty bouncers to nightclubs, and also an imperfectly competitive industry. But he knows that his actions potentially influence prices and the market supplies of bouncers, therefore he tries to predict his competitors’ reactions and adjusts so. Most modern economists would try to interpret Drew’s decisions with applying: (w) structure-conduct performance analysis. (x) the excess capacity theorem. (y) cartel pricing theory. (z) game theory.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Game Theory

  • Q : Example of a noncooperative game An

    An example of a noncooperative game would be: (1) negotiations for international trade agreements. (2) collective bargaining. (3) plea bargaining. (4) the adoption of tit-for-tat strategies in repeated games. (5) collusion by firms in an oligopoly.

  • Q : Problem regarding to Grim Strategy When

    When after being betrayed by Cameron, Karla holds a grudge forever as well as is nasty to Cameron no issue what Cameron does later to try to make amends, Karla would be pursuing a: (1) burned bridges strategy. (2) tit-for-tat strategy. (3) grim strategy. (4) limited b

  • Q : Illustrate Dominant Strategy The

    The dominant strategies in this payoff matrix are for: (w) neither Venezuela nor Indonesia to cheat, thus ensuring that each gets $8 billion profit. (x) both Venezuela and Indonesia to cheat, so receiving $5 billion profit each. (y) the greatest payof

  • Q : Problem regarding Prisoners’ Dilemma

    The District Attorney has Car Jacker and also Cat Burglar nailed for possession of stolen goods after a long crime spree. Now the DA separately gives them the options in this pay-off matrix. Even though these offers operate only once, when Car Jacker and Cat Burglar a

  • Q : Illustration of a prisoner’s dilemma

    ACE and BEST are the only two grocery stores within a remote small town in North Dakota. There owners as each other very small, and trust each other even less. When they cooperate the Antitrust Division of the U.S. Department of Justice will never identify. That payof

  • Q : Tit-for-Tat in Dynamic Games Assume

    Assume that Kevin and Margeaux play a repeated game in that they can choose to act either cooperatively or non cooperatively. When on the third round, Kevin reacts cooperatively and Margeaux react uncooperatively: (1) and both use tit-for-tat strategy

  • Q : Example of a second mover strategy An

    An instance of a second mover strategy would be a: (1) baseball manager waiting till the other team's manager inserts a pinch hitter before selecting a relief pitcher. (2) firm's decision to lay-off workers. (3) union going on strike while a labor con

  • Q : NO net incentives to change current

    Rivals with no net incentives to modify their current strategies within a repeating sequence of games have arrived at a location of: (1) Nash equilibrium. (2) static churn. (3) classical steady state. (4) the invisible hand. (5) tactical impasse.

  • Q : Game Theory and Oligopoly Economists

    Economists would be probably to apply game theory to the market structure of: (1) oligopoly. (2) perfect competition. (3) pure monopoly. (4) labor unions. (5) monopolistic competition. Please choos

  • Q : Flip-flop Strategy in Game Theory

    Famous categories of strategic games do not comprise: (1) grim strategy. (2) tit-for-tat. (3) cooperative games. (4) flip-flop strategy. (5) first mover strategies. How can I solve my Economics pro