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Author Question: Which of the following is a game theory strategy for oligopolists to avoid a low-price outcome? a. ... (Read 44 times)

kwoodring

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  • Posts: 560
on: Jun 30, 2018
Which of the following is a game theory strategy for oligopolists to avoid a low-price outcome?
 a. Tit-for-tat
  b. Price leadership
  c. Cartel
  d. All of these

Question 2

Suppose that when output is 20, marginal cost is 20, and average total cost is 30 . Then which of the following is most likely to be true?
 a. Average total cost is declining.
  b. Average total cost is constant.
  c. Average total cost is rising.
  d. Average total cost is less than average fixed cost.


akemokai

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


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