« previous next »

Author Question: Product differentiation plays an important role in perfect competition. Indicate whether the ... (Read 89 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
Product differentiation plays an important role in perfect competition.
  Indicate whether the statement is true or false

Question 2

Assume that the characteristic function of a coalition between three individuals named 1,2, and 3 is V(1,2,3) = 60; while V(1) = 20, V(2) = 16, and V(3) = 10, where V(i) is the value created by individual i. Which of the following allocations will lie within the core?
 a. Payoffs to individuals 1,2, and 3 are 19, 35, and 6 respectively.
  b. Payoffs to individuals 1,2, and 3 are 30, 18, and 12 respectively.
  c. Payoffs to individuals 1,2, and 3 are 32, 20, and 8 respectively.
  d. Payoffs to individuals 1,2, and 3 are 28, 15, and 17 respectively.


Sierray

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 2 The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 2
PIC PERFECT PIC PERFECT
"Practice makes perfect" "Practice makes perfect"
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
The role of B12 as a methyl transferase in Met biosynthesis The role of B12 as a methyl transferase in Met biosynthesis
Biking competition in the park Biking competition in the park
Video: Arthritis

For a complete list of videos, visit our video library