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Author Question: Suppose a firm can charge a relatively low price to try to compete actively with its rivals, or it ... (Read 43 times)

james9437

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on: Jun 29, 2018
Suppose a firm can charge a relatively low price to try to compete actively with its rivals, or it can charge a relatively high, collusive price.
 
  If its strategy is to charge the low price regardless of the other firms' decisions, this low-price is the firm's A) dependent strategy.
  B) independent strategy.
  C) dominant strategy.
  D) positive sum strategy.

Question 2

Given a linear curve, the value on the y-axis changes from 100 to 120 when the value on the x-axis changes from 20 to 10, then the slope of that curve is
 
  A) -20.
  B) +20.
  C) -2.
  D) +2.


amandalm

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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