E-commerce platform is used for facilitating the transaction between buyers and retailers.
i. Draw the payoff matrix for this game.
Explain whether there is a dominant strategy for buyers and retailers.
What is the name of this game?
Does it have any Nash equilibrium?
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
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1 | 2 | 3 | 4 | 5 | 6 | 7 |
8 | 9 | 10 | 11 | 12 | 13 | 14 |
15 | 16 | 17 | 18 | 19 | 20 | 21 |
22 | 23 | 24 | 25 | 26 | 27 | 28 |
29 | 30 | 1 | 2 | 3 | 4 | 5 |