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Author Question: The above figure shows a firm in monopolistic competition. What price will the firm charge? A) 12 ... (Read 450 times)

moongchi

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on: Jun 29, 2018
The above figure shows a firm in monopolistic competition. What price will the firm charge?
 
  A) 12
  B) 24
  C) 36
  D) None of the above answers is correct.

Question 2

In 2008, a former Intel engineer has been charged with stealing trade secrets worth 1 billion. Intel owns 90 percent of the worldwide market for microprocessors, AMD has the rest.
 
  Conducting R&D is very expensive so suppose that each of these firms can either steal R&D or develop their own R&D. If both firms develop their own R&D, economic profit will be 50 million each. If one company steals R&D, that firm earns 100 million in economic profit while the other firm earns 10 million. If both firms steal R&D, each firm breaks even. What is NOT true about this game? A) The outcome will not be a dominant strategy equilibrium.
  B) A strategy is to steal R&D.
  C) A firm will make more profit if it steals R&D.
  D) A strategy is to conduct R&D.


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honnalora

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

C

Answer to Question 2

C


moongchi

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Reply #2 on: Jun 29, 2018
Correct answers!


honnalora

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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