In the game in Scenario 13.2, the equilibrium strategies A) ...

[P68T]

In the game in Scenario 13.2, the equilibrium strategies
 
  A) are for both firms to offer rebates.
  B) is for ABC to offer a rebate, and XYZ not to offer a rebate.
  C) is for XYZ to offer a rebate, and ABC not to offer a rebate.
  D) are for both firms to offer no rebate.
  E) does not exist in pure strategies.

Question 2

Consider a good whose own price elasticity of demand is -1.5 and price elasticity of supply is 0.5. The fraction of a specific tax that is borne by producers is ________.
 
  A) 0
  B) 0.25
  C) 0.5
  D) 0.75
  E) 1

[janeli]

Answer to Question 1

A

Answer to Question 2

D

[P68T]

TYSM

[gcook]

Excellent