Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Jul 2017 My Price 11.00

airline that flies several routes

Panther Airlines (PA) is the only airline that flies several routes. They have a potential competitor, Leopard Airlines (LA) who are considering entering these markets. PA maintains some excesscapacityas an entry deterrent and is eurrently earning $1 Om profit. PA signals that if LA enters these markets, theywill drop their prices. PA's profits will fall to $2m and LA will make a loss of $5m. If PA drops its prices and LA does not enter the markets, PA will earn $3m in profit. If PA were to accommodatethe new entranl, they would each earn $5m profit.
i. Draw up the payoffmatrix for this game.ii. Do PA and LA have dominant strategies? Explain your answer.iii. What is the Nash equilibrium? Explain your answer.

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Maurice Tutor
(5)
Status NEW Posted 09 Jul 2017 04:07 PM My Price 11.00

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