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

Author Question: In a duopoly with a collusive agreement and in a one-time only game, a firm's profit is largest if ... (Read 65 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


lunatika

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

Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Eating is a nutritional as well as a social time Eating is a nutritional as well as a social time
Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
The span of Homo sapiens sapiens’ time on earth The span of Homo sapiens sapiens’ time on earth
In Second Life, multiplayer online game, two avatars engage in virtual courtship. In Second Life, multiplayer online game, two avatars engage in virtual courtship.
Environmental Systems in Space and Time Environmental Systems in Space and Time
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library