« previous next »

Author Question: Which of the following is a game theory strategy for oligopolists to avoid a low-price outcome? a. ... (Read 65 times)

kwoodring

  • Hero Member
  • *****
  • 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
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un
Avoid working with your elbows lifted. Avoid working with your elbows lifted.
Psychodynamic Theory Psychodynamic Theory
Theory of Plate Tectonics Theory of Plate Tectonics
Big Bang Theory Big Bang Theory
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Sister chromatids of a metaphase chromosome animation

For a complete list of videos, visit our video library