This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Price wars can be the result of A) a cooperative equilibrium. B) a firm playing a tit-for-tat ... (Read 72 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 29, 2018
Price wars can be the result of
 
  A) a cooperative equilibrium.
  B) a firm playing a tit-for-tat strategy in which last period the competitors complied with a collusive agreement.
  C) new firms entering the industry and immediately agreeing to abide by a collusive agreement.
  D) new firms entering an industry and all firms then finding themselves in a prisoners' dilemma.

Question 2

In the long run, a monopolistically competitive firm ________ make an economic profit and a monopoly ________ make an economic profit.
 
  A) can; can
  B) can; cannot
  C) cannot; can
  D) cannot; cannot


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

beccamahon

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


joe

  • Hero Member
  • *****
  • Posts: 627
Reply #2 on: Jun 29, 2018
Correct answers!


beccamahon

  • Sr. Member
  • ****
  • Posts: 338
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Kids/ friends playing together Kids/ friends playing together
(a) Monozygotic (MZ) twins result from the fertilization of a single egg by a single sperm. After on (a) Monozygotic (MZ) twins result from the fertilization of a single egg by a single sperm. After on
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library