The tit-for-tat strategy implies that the firms a. in ...

[javeds]

The tit-for-tat strategy implies that the firms
 a. in non-competitive industries match price increases but ignore price decreases
  b. will follow the lead of the dominant firm in making pricing decisions
  c. prices will change whenever fixed cost changes
  d. cooperate on the first round, and then follow your competitors reactions on the second round
  e. price will only change if demand changes

Question 2

Which of the following can be a renewable resource?
 a. oil
  b. timber
  c. coal
  d. iron ore
  e. uranium

[wtf444]

Answer to Question 1

D

Answer to Question 2

B

[javeds]

Thanks for the timely response, appreciate it

[matt95]

Great answer, keep it coming