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.
Territorial reef fish compete intensely for space.
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