This topic contains a solution. Click here to go to the answer

Author Question: In a duopoly with a collusive agreement and in a one-time only game, a firm's profit is largest if ... (Read 104 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
In a duopoly with a collusive agreement and in a one-time only game, a firm's profit is largest if it ________ the agreement and if the other firm ________ the agreement.
 
  A) complies with; complies with
  B) complies with; cheats on
  C) cheats on; complies with
  D) cheats on; cheats on

Question 2

An increase in Meta's wealth from 3,000 to 6,000 raises her utility from 80 units to 100 units. If she is risk averse, with a wealth of 9,000 her utility might be
 
  A) 99 units.
  B) 114 units.
  C) 120 units.
  D) 126 units.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Answer to Question 1

C

Answer to Question 2

B




lunatika

  • Member
  • Posts: 548
Reply 2 on: Jun 29, 2018
:D TYSM


atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Gracias!

 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

For a complete list of videos, visit our video library