Two firms simultaneously choose whether to advertise to, Operation Management

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Two firms simultaneously choose whether to advertise to

Two firms simultaneously choose whether to advertise to kids or seniors. This normal form game is represented below.

Firm 1

Kids Seniors

Firm 2 Kids (6,6) (1,7)

Seniors (0,7) (8,2)

(a) Is there dominant strategy equilibrium? (b) Are there any Nash Equilibriums? 1 (c) What is the mixed strategy equilibrium? (d) What is the sequential equilibrium if Firm 1 moves first?

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Operation Management: Two firms simultaneously choose whether to advertise to

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