« previous next »

Author Question: If firms adopt a strategy that triggers a permanent punishment, the result in an indefinitely ... (Read 71 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jul 1, 2018
If firms adopt a strategy that triggers a permanent punishment, the result in an indefinitely repeated game is
 
  A) undefined.
  B) the noncooperative Nash equilibrium.
  C) the collusive Nash equilibrium.
  D) economically inefficient.

Question 2

Which of the following instances will total revenue or receipts decline?
 
  A) Price rises and demand is inelastic.
  B) Price falls and demand is elastic.
  C) Price rises and demand is elastic.
  D) Price falls and demand is unit elastic.


daiying98

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ... OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ...
Fermentations use a common strategy to regenerate oxidized NAD+ Fermentations use a common strategy to regenerate oxidized NAD+
The smell, sight, and taste of food, such as freshly baked bread, triggers the release of saliva The smell, sight, and taste of food, such as freshly baked bread, triggers the release of saliva
Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs
Positive and Negative Punishment Positive and Negative Punishment
The Salter-Harris System of Classifying Growth-Plate Injuries. The Likelihood of a Permanent Growth- The Salter-Harris System of Classifying Growth-Plate Injuries. The Likelihood of a Permanent Growth-
Video: Introduction to Autism

For a complete list of videos, visit our video library