Refer to Scenario 13.16. If Gooi moves first, the payoff in ...

[NClaborn]

Refer to Scenario 13.16. If Gooi moves first, the payoff in equilibrium will be
 
  A) 150, 0.
  B) 150, 300.
  C) 400, 150.
  D) 50, 50.
  E) 650, 450.

Question 2

With respect to monopolies, deadweight loss refers to the
 
  A) socially unproductive amounts of money spent to obtain or acquire a monopoly.
  B) net loss in consumer and producer surplus due to a monopolist's pricing strategy/policy.
  C) lost consumer surplus from monopolistic pricing.
  D) none of the above

[14vl19]

Answer to Question 1

C

Answer to Question 2

B

[NClaborn]

TYSM

[bassamabas]

Excellent