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Author Question: A monopoly can block the entry of others. Indicate whether the statement is true or ... (Read 89 times)

genevieve1028

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on: Jun 30, 2018
A monopoly can block the entry of others.
  Indicate whether the statement is true or false

Question 2

Assume that the characteristic functions of different coalitions in a three-person group are given by: V(1,2,3) = 60 V(1,2) = 40, V(2,3) = 30, and V(1,3) = 35 . The values created by the individuals separately are given by: V(1) = 20, V(2) = 16, V(3) = 10 . Which of the following allocations will lie within the core?
 a. Payoffs to individuals 1,2, and 3 are 21, 17,and 22 respectively.
  b. Payoffs to individuals 1,2, and 3 are 31, 17, and 12 respectively.
  c. Payoffs to individuals 1,2, and 3 are 21, 26, and 13 respectively.
  d. Payoffs to individuals 1,2, and 3 are 25, 18, and 17 respectively.


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cswans24

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

D


genevieve1028

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Reply #2 on: Jun 30, 2018
Thank you :)


cswans24

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Reply #3 on: Jun 30, 2018
Happy to help you


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