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Author Question: The subgame-perfect equilibrium of a two-stage game in which firms first choose capacities and then ... (Read 155 times)

silviawilliams41

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on: Jul 1, 2018
The subgame-perfect equilibrium of a two-stage game in which firms first choose capacities and then engage in a Bertrand price setting game resembles the equilibrium in:
 a. the competitive model.
  b. the Cournot model.
  c. the cartel model.
  d. the price leadership model.

Question 2

Which is NOT an example of signaling high quality in a social setting
 a. wearing a business suit on a job interview
  b. scrimping on the tip for the waiter after a dinner date
  c. offering an expensive engagement ring to your bride
  d. Visiting the beauty salon before a big date


jaaaaaaa

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


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