Reffonomics Video -- Oligopoly (How to Read A Matrix, Part II)

After watching the video, scroll down to take the three multiple choice questions.






1. Airline A information is located in the upper right hand corner of the matrix and Airline B information is located in the lower left hand corner of the matrix.

A) Does Airline A have a dominant strategy? Explain.


B) Does Airline B have a dominant strategy? Explain.


C) What is the payout for Airline A?


D) What is the payout for Airline B?





2. Airline A information is located in the upper left hand corner of the matrix and Airline B information is located in the lower right hand corner of the matrix.

A) Does Airline A have a dominant strategy? Explain.


B) Does Airline B have a dominant strategy? Explain.


C) What is the payout for Airline A?


D) What is the payout for Airline B?





3. Airline A information is located in first in the matrix and Airline B information is located second in the matrix.

A) Does Airline A have a dominant strategy? Explain.


B) Does Airline B have a dominant strategy? Explain.


C) What is the payout for Airline A?


D) What is the payout for Airline B?




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