Author Question: Suppose the game is infinitely repeated. What strategies will each firm utilize? a. Firm A will ... (Read 40 times)

Haya94 · **on:** Jul 1, 2018

Suppose the game is infinitely repeated. What strategies will each firm utilize?
a. Firm A will charge a lower price and firm B will charge a lower price
b. Firm A will charge a higher price and firm B will charge a lower price
c. Firm A will charge a lower price and firm B will charge a higher price
d. Firm A will charge a higher price and firm B will charge a higher price

Question 2

The marginal physical productivity of labor is:
a. the slope of the total output curve at the relevant point.
b. the negative of the slope of the total output curve at the relevant point.
c. the slope of the line connecting the origin with the relevant point on the total output curve.
d. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.