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Author Question: Refer to Scenario 13.15. If the firms price simultaneously, equilibrium would be A) an 80 price ... (Read 50 times)

codyclark

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on: Jul 1, 2018
Refer to Scenario 13.15. If the firms price simultaneously, equilibrium would be
 
  A) an 80 price for Simple and a 70 price for Boring.
  B) an 80 price for Simple and a 25 price for Boring.
  C) a 35 price for Simple and a 70 price for Boring.
  D) a 35 price for Simple and a 25 price for Boring.
  E) a mixed strategy equilibrium.

Question 2

Suppose there are seven firms in a market where the three largest firms supply 20 of the market-clearing quantity and the other four firms supply 10 of the market-clearing quantity. What is the five-firm concentration ratio (i.e.
 
  , the share of total sales controlled by the five largest firms in the market)? A) 60
  B) 70
  C) 80
  D) 90


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tkempin

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

B

Answer to Question 2

C


codyclark

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

carojassy25

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Reply 3 on: Yesterday
Excellent

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