I just need around 500 words for my assignment, maybe less as long as you follow the question requirement. I also uploaded the documents as pictures for u for more clear what my professor want. There is a picture which have 2 question on it which is my assignment . And others after are just document which u can use for my assignment. Thank you so much
I just want to make sure so the question is :
The market for an international product is such that the product must be developed first, and there is a fixed development cost of $R for the incumbent and sole developer. However, there is another firm (entrant) who successfully imitates the product without incurring any development cost. This other firm can only imitate and not develop. So incumbent moves first and decides whether or not to develop a product, and upon observing this, the entrant, decides whether or not he should imitate the product. If the incumbent develops the product and the entrant imitates him, the incumbent pays development cost, $R, plus $3 and the entrant pays nothing. The incumbent gets $15 in revenues and the entrant $6. If the incumbent develops the product and the entrant does not imitate him, the incubent gets a revenue of $15 and pays the development cost of $R. If the entrant does not imitate, she gets $0. If the incumbent does not develop the product and the entrant does not develop a product, they get $9 and $0 respectively.
(a) Depict the game as an extensive form game (Head p.164).
i. What are the Nash Equilibria for this game (Head p.159)? Hint: the Nash Equilibria (or lack thereof) are a function of $R∈ [0, ∞).
(b) Assume the game is played simultaneously. Draw the game in a payoff table as in Head p.160.
i. What are the Nash Equilibria for this game? Hint: the Nash Equilibria (or lack thereof) are a function of $R∈ [0, ∞).
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more