AP Economics – 11/22/19

I.  Bellwork

Based upon the Payoff Matrix below:

  1. Does McDonald’s have a dominant strategy?  Explain.
  2. Does Burger King have a dominant strategy?  Explain
  3. Is there a Nash/Non-cooperative equilibrium/ Explain

II.  Objectives:

  • Construct and interpret payoff matrices.
  • Explain the payoffs, dominant strategies, and Nash equilibrium given a payoff matrix

III.  Classwork  Pages 656-657

  • Check Your Understanding 1-2
  • Multiple Choice  1-5
  • Tackle the Test #2

IV. Homework: Questions on AP classroom – closes Sunday

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