Refer to Table 14-7. Which of the following statements is true?
A) Perfect's dominant strategy is to offer same-day delivery; Florabunda's dominant strategy is to not offer same-day delivery.
B) Florabunda's dominant strategy is to offer same-day delivery; Perfect's dominant strategy is to not offer same-day delivery.
C) The dominant strategy for both firms is to offer same-day delivery.
D) Neither Perfect nor Florabunda have a dominant strategy.
Question 2
Which of the following is not held constant along a firm's demand curve for labor?
A) the quantity of other inputs used by the firm B) the price of the product produced by the firm
C) the wage rate D) changes in technology
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