Refer to Figure 14-4. What is the equilibrium outcome in this game and is this a subgame-perfect equilibrium?
A) Either offer of 30 or 40 per copy of the software package is accepted and these two equilibria are subgame-perfect equilibria.
B) In the equilibrium, neither offer is accepted as Rainbow Writer holds out for a better deal. The two rejection outcomes are subgame-perfect equilibria.
C) Either offer of 30 or 40 per copy of the software package is accepted but these are not are subgame-perfect equilibria.
D) In the equilibrium, Odeon offers 40 per copy of the software package and is accepted but this is not a subgame-perfect equilibrium.
Question 2
Recent research has shown that the first firm to enter a market often does not have a long-term advantage over later entrants into the market. An example that has been used to illustrate this is
A) Xerox, which became a generic term for making photocopies.
B) McDonald's entry into the high-end coffee market.
C) the introduction of the first ballpoint pen in 1945.
D) Abercrombie and Fitch, which was the first clothing company to market to young men.
A cheetah strangling an impala, Timbavati Game Reserve, South Africa
Comparison of reactions at equilibrium and steady state
front muscle figure
A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
Refer to (d) in the figure above. This rectifier arrangement
The Hardy–Weinberg equilibrium for two autosomal alleles.