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

Author Question: In the above figure, if the firm is in monopolistic competition, its price will be A) 1. B) 2. ... (Read 156 times)

bobypop

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
In the above figure, if the firm is in monopolistic competition, its price will be
 
  A) 1.
  B) 2.
  C) 3.
  D) 4.

Question 2

Oscar and Felix are the only firms that clean offices in a large city. They agree to operate as a cartel. The payoff matrix shows the economic profit that each firm can make.
 
  If the game is played repeatedly and Felix and Oscar both use a tit-for-tat strategy, then ________. A) Felix will make 10 million of economic profit and Oscar will cheat
  B) Felix and Oscar will each make 1 million of economic profit
  C) Felix will make -2 million economic of profit and Oscar will cheat
  D) Felix and Oscar will each make 10 million of economic profit


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

millet

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


bobypop

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Gracias!

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Influence of abiotic factors on competition between T. castaneum and T. confusum. Influence of abiotic factors on competition between T. castaneum and T. confusum.
The frequency of competition according to the number of species involved. The frequency of competition according to the number of species involved.
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Paul Colin, Figure of a Woman. Paul Colin, Figure of a Woman.
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library