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Author Question: In a duopoly with a collusive agreement and in a one-time only game, a firm's profit is largest if ... (Read 106 times)

lunatika

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on: Jun 29, 2018
In a duopoly with a collusive agreement and in a one-time only game, a firm's profit is largest if it ________ the agreement and if the other firm ________ the agreement.
 
  A) complies with; complies with
  B) complies with; cheats on
  C) cheats on; complies with
  D) cheats on; cheats on

Question 2

An increase in Meta's wealth from 3,000 to 6,000 raises her utility from 80 units to 100 units. If she is risk averse, with a wealth of 9,000 her utility might be
 
  A) 99 units.
  B) 114 units.
  C) 120 units.
  D) 126 units.


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fdliggud

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

C

Answer to Question 2

B


lunatika

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  • Posts: 548
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

aliotak

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  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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