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Author Question: Recent research suggests that if Apple switched from uniform pricing of its iTunes to two-part ... (Read 111 times)

jCorn1234

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Recent research suggests that if Apple switched from uniform pricing of its iTunes to two-part pricing,
 
  A) total welfare would increase, but consumer surplus would decrease.
  B) total welfare and consumer surplus would increase.
  C) total welfare would decrease, but consumers surplus would increase.
  D) total welfare and consumer surplus would decrease.

Question 2

A player can choose among three strategies: T, M, and B. Nevertheless, strategy B is dominated by strategy T. This means that
 
  A) strategy T is always played.
  B) strategy B is never played.
  C) strategy B will be part of a Nash equilibrium.
  D) strategy M is never played.


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jgranad15

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jCorn1234

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


jomama

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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