Author Question: If the game in Scenario 13.13 were not played sequentially, A) the only equilibrium would be ... (Read 81 times)

bobbie · **on:** Jul 1, 2018

If the game in Scenario 13.13 were not played sequentially,

A) the only equilibrium would be (R2,C1 ).
B) the only equilibrium would be (R1,C2 ).
C) the only equilibria would be (R2,C1 ) and (R1,C2 ).
D) the only equilibria would be (R2,C1 ), (R1,C2 ) and a mixed strategy equilibrium.
E) there would not be any equilibrium.

Question 2

Monopoly power results from the ability to

A) set price equal to marginal cost.
B) equate marginal cost to marginal revenue.
C) set price above average variable cost.
D) set price above marginal cost.