Three people, Dora, Ellen, and Fabian, are offered to participate in a contest to win a $120 gift card. They may refuse the contest, or purchase either the gold or the silver ticket. Tickets' prices are $120 for the gold and $60 for the silver. Players make their choices simultaneously and independently. Once the ticket purchase decisions have been made, the gift card is awarded to the person with the highest cost ticket among all purchased. In case there is no such player, the gift card is split equally between those who are the highest cost ticket buyers. The gift card is not awarded to anyone when neither Dora, Ellen nor Fabian purchase a ticket. Represent this game in its normal form. b. Find all the Nash equilibria in pure strategies.

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Calculate the value of Total revenue when price is $33 and the quantity is 71 units

When I entered my answer in my online math assigment it said it was wrong

The total revenue generated is $400 and the output is 12 units Find the value of average revenue

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Question 21 The payoff matrix for two companies is seen below. The profits for Netflix are in the upper right hand corner, while the profits for Hulu are in the lower left hand corner. If Netflix raises their price, what is the best response by Hulu?

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