b) What is the Dominant strategy of ADM? c) What is the Dominant strategy of Ajinomoto?e) If these 2 firms co-operate can they do better in terms of maximizing their profits? ADMProduce 30millionpoundsProduce 40millionpoundsProduce 30 millionpoundsAjinomotoAjinomoto makes $180million profit.ADM makes $180million profitAjinomoto makes $160millionprofit.ADM makes $200million profitProduce 40 millionpoundsAjinomoto makes $200million profit.ADM makes $150million profitAjinomoto makes $150million profit.ADM makes$160million profitBack toTable ofcontents

Dominant strategy is the strategy which will not change when the opponent hanges it's strategy.…

Answered: b) What is the Dominant strategy of…

b) What is the Dominant strategy of ADM? c) What is the Dominant strategy of Ajinomoto? e) If these 2 firms co-operate can they do better in terms of maximizing their profits?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

b) What is the Dominant strategy of ADM?
c) What is the Dominant strategy of Ajinomoto?

e) If these 2 firms co-operate can they do better in terms of
maximizing their profits?

ADM
Produce 30
million
pounds
Produce 40
million
pounds
Produce 30 million
pounds
Ajinomoto
Ajinomoto makes $180
million profit.
ADM makes $180
million profit
Ajinomoto makes $160
million
profit.
ADM makes $200
million profit
Produce 40 million
pounds
Ajinomoto makes $200
million profit.
ADM makes $150
million profit
Ajinomoto makes $150
million profit.
ADM makes
$160million profit
Back to
Table of
contents

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