Which of the following is true regarding the game in Scenario ...

[casperchen82]

Which of the following is true regarding the game in Scenario 13.5?
 
  A) Only Bull Meat has a dominant strategy.
  B) Only Deer Meat has a dominant strategy.
  C) Both companies have a dominant strategy: expand West.
  D) Both companies have a dominant strategy: expand South.
  E) Neither company has a dominant strategy.

Question 2

Because of the relationship between a perfectly competitive firm's demand curve and its marginal revenue curve, the profit maximization condition for the firm can be written as
 
  A) P = MR.
  B) P = AVC.
  C) AR = MR.
  D) P = MC.
  E) P = AC.

[AmberC1996]

Answer to Question 1

E

Answer to Question 2

D