Author Question: If a duopolists' collusive price-fixing game can be played repeatedly, A) one possible ... (Read 113 times)

ssal · **on:** Jun 29, 2018

If a duopolists' collusive price-fixing game can be played repeatedly,

A) one possible equilibrium is that both firms cheat.
B) players can signal their willingness to cooperate.
C) players can punish cheaters in the following game.
D) All of the above answers are correct.

Question 2

If total fixed cost increases, then the average total cost curve ________ and the marginal cost curve ________.

A) does not shift; shifts upward
B) shifts upward; shifts upward
C) does not shift; does not shift
D) shifts upward; does not shift