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

Author Question: In a beauty contest game such as predicting the average of respondents choosing a number between 0 ... (Read 38 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jul 1, 2018
In a beauty contest game such as predicting the average of respondents choosing a number between 0 and 100
 
  A) the outcome is not normally the Nash equilibrium for the game.
  B) the winner usually exhibits level-3 reasoning.
  C) the winner must understand the non-rationality of the players.
  D) All of the above.

Question 2

A flour mill holding exclusive contracts to 95 of the wheat in a large geographic area may operate as a flour-producing monopoly locally because
 
  A) the mill has a very inelastic supply curve.
  B) the mill is a natural monopoly.
  C) the mill controls a key input.
  D) the government will declare it a monopoly.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


rosent76

  • Member
  • Posts: 516
Reply 2 on: Jul 1, 2018
Gracias!

ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

My BEauty My BEauty
A ring link network reduces the number of wires it takes to interconnect all of the modules. A ring link network reduces the number of wires it takes to interconnect all of the modules.
Apple's Game Console Apple's Game Console
Mayan Number Mayan Number
Number of Mutations Associated with Specific Forms of Cancer Number of Mutations Associated with Specific Forms of Cancer
What is the minimum number of straight, continuous lines that are necessary to c What is the minimum number of straight, continuous lines that are necessary to c
Video: Ultrasound of a Fetus (Sonogram)

For a complete list of videos, visit our video library