This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: As the number of substitutes for a good increases, the absolute value of its own-price elasticity ... (Read 91 times)

soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
As the number of substitutes for a good increases, the absolute value of its own-price elasticity
 a. stays the same
 b. increases
 c. decreases
 d. the good becomes perfectly inelastic.

Question 2

Suppose that Firm A cheats, and B does not. What is A's payoff from cheating?
 a. 0
 b. 50
 c. -10
  d. 25


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cegalasso

  • Sr. Member
  • ****
  • Posts: 295
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jul 1, 2018
Thank you


cegalasso

  • Sr. Member
  • ****
  • Posts: 295
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

“Bad,” “neutral,” and “good” mutations. “Bad,” “neutral,” and “good” mutations.
Isotopes may be stable or radioactive depending on the arrangement and number of neutrons in the nuc Isotopes may be stable or radioactive depending on the arrangement and number of neutrons in the nuc
Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan). Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan).
The signal voltage from a throttle position increases as the throttle is opened because the wiper ... The signal voltage from a throttle position increases as the throttle is opened because the wiper ...
Number line (real numbers) Number line (real numbers)
Copy-number variants Copy-number variants
Video: Five phases of cardiac cycle & Atrial contraction

For a complete list of videos, visit our video library