Question 1
Refer to the information provided in Table 14.5 below to answer the question that follows.
Refer to Table 14.5. Firm A's dominant strategy is to not advertise.
◦ true
◦ false
Question 2
To the extent that oligopolies differentiate their products
◦ there is overproduction from society's point of view.
◦ they force themselves into deadlocks that waste resources.
◦ there is the promise of new and exciting products.
◦ they are also likely to price at marginal cost.