Order ID: 89JHGSJE83839 | Style: APA/MLA/Harvard/Chicago | Pages: 5-10 |
Instructions:
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, ?).
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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