Author Question: An example of monopoly power in input markets is A) major league baseball owners in the market ... (Read 89 times)

a0266361136 · **on:** Jul 1, 2018

An example of monopoly power in input markets is

A) major league baseball owners in the market for player services.
B) the United Auto Workers union in the market for auto worker services.
C) OPEC in the market for crude oil.
D) all of the above

Question 2

In the spring of 1994, Northwest Airlines took the independent action of reducing fares on its flights. Other competing airlines quickly matched the fare cuts. These actions might be interpreted as:

A) a noncooperative game.
B) a cooperative game.
C) a constant sum game.
D) a competitive game.