In a Stackelberg game, a monopolist could deter entry from a ...

[PhilipSeeMore]

In a Stackelberg game, a monopolist could deter entry from a potential rival by
 
  A) telling the potential rival not to enter.
  B) strategically moving first.
  C) moving to a Bertrand model.
  D) None of the above.

Question 2

Producer surplus is the sum of the profits earned by all firms in a market.
 
  Indicate whether the statement is true or false

[Animal_Goddess]

Answer to Question 1

B

Answer to Question 2

False. This definition ignores fixed costs. Producer surplus minus fixed costs equals profits.

[PhilipSeeMore]

Thanks for the timely response, appreciate it

[sailorcrescent]

Great answer, keep it coming