Relative to a simultaneous-move situation, the gain to firm R ...

[Awilson837]

Relative to a simultaneous-move situation, the gain to firm R from being able to move first in the game in Scenario 13.14, would be
 
  A) 40.
  B) 37.
  C) 32.
  D) 5.
  E) 3.

Question 2

You work as a marketing analyst for a pharmaceutical firm, and you are trying to gather information about the marginal cost of production for a competing firm.
 
  You know that they have a patent on a popular medication that sells for 20 per dose, and you believe the elasticity of demand for this product is roughly -4. Assuming the competing firm acts as a profit-maximizing monopolist, what is the competing firm's approximate marginal cost of production? A) 10 per dose
  B) 12.50 per dose
  C) 15 per dose
  D) 20 per dose

[Rilsmarie951]

Answer to Question 1

D

Answer to Question 2

C