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Author Question: If firms meet together to decide on prices and outputs, it is called: a. collusion. b. ... (Read 46 times)

urbanoutfitters

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on: Jun 30, 2018
If firms meet together to decide on prices and outputs, it is called:
 a. collusion.
 b. oligopolistic competition.
  c. price leadership.
 d. a pricing conglomerate.

Question 2

Assume that the utility function of an individual is represented as U = W - 0.001W; where W (his present wealth) = 250,000 . He considers investing in a gamble which would double his wealth if he wins but still leave him with 250,000 if he loses. Given that his probability of winning is 0.6, calculate his expected wealth from the bet.
 a. 300,000
  b. 400,000
  c. 250,000
  d. 100,000


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bubulittle310@msn.cn

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

a

Answer to Question 2

B


urbanoutfitters

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

shewald78

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Reply 3 on: Yesterday
Wow, this really help

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