In the game in Scenario 13.10, there is A) a mixed strategy ...

[FButt]

In the game in Scenario 13.10, there is
 
  A) a mixed strategy equilibrium, and no other.
  B) a mixed strategy and a pure strategy equilibrium.
  C) a mixed strategy and two pure strategy equilibria.
  D) a mixed strategy and four pure strategy equilibrium.
  E) no equilibrium in either mixed or pure strategies.

Question 2

A firm never operates
 
  A) at the minimum of its ATC curve.
  B) at the minimum of its AVC curve.
  C) on the downward-sloping portion of its ATC curve.
  D) on the downward-sloping portion of its AVC curve.
  E) on its long-run marginal cost curve.

[frejo]

Answer to Question 1

A

Answer to Question 2

D

[FButt]

Gracias!

[kishoreddi]

Excellent