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Author Question: Firms maximize profits when marginal revenue equals marginal cost. Indicate whether the statement ... (Read 119 times)

Alygatorr01285

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on: Jun 30, 2018
Firms maximize profits when marginal revenue equals marginal cost.
  Indicate whether the statement is true or false

Question 2

A and B form a coalition and share the value of the payoffs it produces. Their coalition is individually rational if:
 a. the core is blocked.
  b. individual payoffs exceed the respective values produced by A and B.
  c. payoffs to both are equal to their respective values.
  d. the core is empty.


af

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

B


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