Author Question: Refer to Figure 12-10. At the profit-maximizing output level, the firm earns A) zero economic ... (Read 101 times)

vicky · **on:** Jun 29, 2018

Refer to Figure 12-10. At the profit-maximizing output level, the firm earns

A) zero economic profit. B) a profit of 600.
C) a profit of 1,200. D) a profit of 2,700.

Question 2

Refer to Table 14-5. Does Ming have a dominant strategy? If yes, what is it?

A) Yes, Ming's dominant strategy is to wait to see what Henri does first.
B) No, Ming does not a dominant strategy - his best outcome depends on what Henri does.
C) Yes, Ming's dominant strategy is to not to offer free pickup and delivery.
D) Yes, Ming's dominant strategy is to offer free pickup and delivery.