Rasmussen College Market Research Nash Equilibria Analysis
Assignment Content
- Competency
This competency will allow you to demonstrate your ability and skill in applying concepts of Nash equilibrium. Student Success Criteria
View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane. Instructions
A local law firm has hired G&B consulting to help determine a business strategy. There is a competing firm in the area and recently the two firms have begun talks in regards to a merger. The merger would mean there are more shared resources than either had before individually. There would also be less competition for both companies. Both would be able to operate more efficiently, however it would take a strong commitment from both sides for the merger to be successful. The law firm that has hired you wants to know their optimum strategy in this situation. - Instructor feedback: the analysis that follows on #’s 2 and 3 is incorrect. Make sure that you are pointing out which values are being compared each step of the way, and explain the player’s preference by comparing the numbers in each case
