« previous next »

Author Question: A dominant strategy is A) a strategy chosen by two firms that decide to charge the same price or ... (Read 60 times)

kwoodring

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
A dominant strategy is
 
  A) a strategy chosen by two firms that decide to charge the same price or otherwise not to compete.
  B) a strategy that is the best for a firm no matter what strategies other firms use.
  C) a strategy that is obviously the best for each firm that is a party to a business decision.
  D) an equilibrium where each firm chooses the best strategy, given the strategies of other firms.

Question 2

Which of the following are necessary conditions for successful price discrimination?
 
  a. zero transactions costs
  b. a perfectly competitive market structure
  c. an imperfectly competitive market structure
  d. at least two different markets with different price elasticities of demand
  e. at least two different markets with different price elasticities of supply
  A) a, b, and d only B) c and d only C) a, c, d, and e only D) a and c only
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Dominant piebald spotting Dominant piebald spotting
Fights for dominance are normally brief, and sometimes merely displaying dominant gestures without p Fights for dominance are normally brief, and sometimes merely displaying dominant gestures without p
Dominant epistasis due to a white mutation Dominant epistasis due to a white mutation
Mosaic of Charge-Coupled Devices Mosaic of Charge-Coupled Devices
Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs
Dominant Male Cichlids Dominant Male Cichlids
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library