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Author Question: As the number of substitutes for a good increases, the absolute value of its own-price elasticity ... (Read 62 times)

soccerdreamer_17

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on: Jul 1, 2018
As the number of substitutes for a good increases, the absolute value of its own-price elasticity
 a. stays the same
 b. increases
 c. decreases
 d. the good becomes perfectly inelastic.

Question 2

Suppose that Firm A cheats, and B does not. What is A's payoff from cheating?
 a. 0
 b. 50
 c. -10
  d. 25


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cegalasso

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


soccerdreamer_17

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Reply #2 on: Jul 1, 2018
Thank you


cegalasso

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Reply #3 on: Jul 1, 2018
No problemo


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