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Author Question: In game in Scenario 13.8, A) Y is a dominant strategy for IVY Corp. B) Z is a dominant strategy ... (Read 171 times)

KWilfred

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on: Jul 1, 2018
In game in Scenario 13.8,
 
  A) Y is a dominant strategy for IVY Corp.
  B) Z is a dominant strategy for IVY Corp.
  C) A is a dominant strategy for SAC Group.
  D) B is a dominant strategy for SAC Group.
  E) No firm has a dominant strategy.

Question 2

A monopolist has determined that at the current level of output the price elasticity of demand is -0.15. Which of the following statements is true?
 
  A) The firm should cut output.
  B) This is typical for a monopolist; output should not be altered.
  C) The firm should increase output.
  D) None of the above is necessarily correct.


tmlewis4706

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

D

Answer to Question 2

A


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