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Author Question: Suppose the game is infinitely repeated. What strategies will each firm utilize? a. Firm A will ... (Read 42 times)

Haya94

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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.


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ApricotDream

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

a


Haya94

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Reply 2 on: Jul 1, 2018
:D TYSM

steff9894

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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