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Author Question: M&M and Dove are both considering issuing themed holiday candy. The profits for each strategy, ... (Read 63 times)

mydiamond

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on: Jun 29, 2018
M&M and Dove are both considering issuing themed holiday candy. The profits for each strategy, regular candy or holiday candy, are summarized in the payoff matrix above.
 
  The Nash Equilibrium in this game is that Dove produces ________ and M&M produces ________. A) holiday candy; regular candy
  B) regular candy; holiday candy
  C) regular candy; regular candy
  D) holiday candy; holiday candy

Question 2

In the short run, for a firm in monopolistic competition
 
  A) the firm's economic profit must equal zero.
  B) marginal revenue exceeds marginal cost.
  C) price exceeds marginal cost.
  D) the firm is a price taker.


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Jsherida

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


mydiamond

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Reply 2 on: Jun 29, 2018
Gracias!

ryhom

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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